How To Fix FT338 - Currency key & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 338

• Message text: Currency key & is not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FT338 - Currency key & is not defined ?

  The SAP error message FT338, which states "Currency key & is not defined," typically occurs when the system encounters a currency code that is not recognized or defined in the system. This can happen in various contexts, such as during financial transactions, reporting, or when processing documents that involve currency conversion.
  Causes:
  
  Undefined Currency: The currency code being used in the transaction is not defined in the SAP system.
  Incorrect Configuration: The currency may not be properly configured in the system settings, such as in the currency types or exchange rate tables.
  Data Entry Error: There may be a typographical error in the currency code entered by the user.
  Missing Currency in Master Data: The currency may not be included in the relevant master data records (e.g., vendor, customer, or material master).
  Transport Issues: If the currency was recently added in a development environment and not transported correctly to the production environment, it may not be recognized.
  
  Solutions:
  
  
  Check Currency Definition:
  
  Go to the transaction code OB08 to check if the currency is defined in the system.
  If the currency is not listed, you may need to define it.
  
  
  
  Define Currency:
  
  If the currency is missing, you can define it using the transaction code OB08. You will need to enter the currency code and its corresponding details.
  
  
  
  Verify Master Data:
  
  Check the relevant master data (e.g., vendor, customer, or material) to ensure that the currency is correctly assigned.
  Use transaction codes like XD03 (for customers) or MK03 (for vendors) to review the master data.
  
  
  
  Check Configuration:
  
  Ensure that the currency is included in the configuration settings for the relevant modules (e.g., FI, CO).
  Review the settings in SPRO (SAP Reference IMG) under Financial Accounting.
  
  
  
  Review Exchange Rates:
  
  Ensure that the exchange rates for the currency are maintained in the system. This can also be checked in OB08.
  
  
  
  Consult with Basis Team:
  
  If the currency was recently added and is not appearing, consult with your SAP Basis team to ensure that all transports were executed correctly.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  SPRO: Access the SAP Reference IMG for configuration.
  XD03/MK03: Display customer/vendor master data.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on maintaining currencies and configuring financial settings.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  By following these steps, you should be able to resolve the FT338 error and ensure that the currency is properly defined and configured in your SAP system.