How To Fix G00704 - Transaction currency key replaced by default key

G00704 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 704

• Message text: Transaction currency key replaced by default key

What causes this issue?

The current data row contains the transaction currency key &V1&. Since
the item &V3& does not support a breakdown by transaction currency,
only the default key &V2& is allowed.

System Response

The transaction currency key was replaced by the default key &V2&.

How to fix this error?

Make sure that no breakdown by transaction currency should be supported
for the item &V3&.
If it is not supported, make sure that the transaction currency key is
either not specified in any data records, or if it is specified, that
it is identical to the local or group currency key.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00704 - Transaction currency key replaced by default key ?

  The SAP error message G00704, which states "Transaction currency key replaced by default key," typically occurs in the context of financial transactions where the system is unable to determine the appropriate transaction currency for a document. This can happen for various reasons, and understanding the cause and solution can help resolve the issue.
  
  Cause:
  
  Missing or Incorrect Currency Configuration: The transaction currency may not be defined for the specific company code or the relevant master data (like customer or vendor).
  Currency Type Settings: The currency type settings in the configuration may not be set up correctly, leading the system to default to a standard currency.
  Document Type Settings: The document type being used may not have a defined transaction currency.
  Master Data Issues: The master data for the customer, vendor, or material may not have the correct currency settings.
  Transaction Settings: The specific transaction being processed may not support the currency being used.
  
  
  Solution:
  
  
  Check Currency Configuration:
  
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