How To Fix GI712 - The currency for ledger & (CT &) could not be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 712

• Message text: The currency for ledger & (CT &) could not be determined

What causes this issue?

An internal error occurred when determining the currency for ledger &1
with currency type &2.

System Response

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

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI712 - The currency for ledger & (CT &) could not be determined ?

  The SAP error message GI712 indicates that the system is unable to determine the currency for a specific ledger in a given context. This can occur in various scenarios, particularly when dealing with financial transactions, reporting, or when trying to post documents in a specific ledger.
  Cause:
  
  Missing Configuration: The currency for the ledger may not be properly configured in the system. This can happen if the ledger is newly created or if there have been changes to the configuration.
  Incorrect Master Data: The master data for the company code, controlling area, or other relevant entities may not have the correct currency settings.
  Inconsistent Data: There may be inconsistencies in the data related to the currency settings across different modules or components.
  Missing Currency Translation: If the system is set up to use multiple currencies, there may be missing currency translation settings or rates.
  
  Solution:
  
  Check Ledger Configuration: Go to the configuration settings for the ledger in question and ensure that the currency is correctly defined. This can typically be found in the Financial Accounting (FI) or Controlling (CO) module settings.
  Review Master Data: Verify the master data for the relevant company code, controlling area, and other entities to ensure that the currency settings are correct and consistent.
  Currency Settings: Ensure that the currency settings in the company code and controlling area are aligned with the ledger settings.
  Transaction Codes: Use transaction codes like OB22 (for currency settings) or OBA7 (for currency translation) to review and adjust the necessary settings.
  Check for Updates: If the issue persists, check for any SAP Notes or updates that may address this specific error message or related configuration issues.
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on currency settings and ledger configurations.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (Define Currency Types), OBA7 (Maintain Translation Ratios), and OX15 (Define Company Code).
  SAP Notes: Search the SAP Support Portal for any specific notes related to error GI712, as there may be patches or updates that address this issue.
  Testing: After making changes, perform testing to ensure that the error does not reoccur and that transactions can be processed without issues.
  
  If the problem continues after checking these areas, it may be beneficial to consult with an SAP functional consultant or technical support for further assistance.