How To Fix GI807 - Country $ does not store an index currency

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 807

• Message text: Country $ does not store an index currency

What causes this issue?

In internal program processing, the index currency should be determined
for country &V1&. However, an index currency is not defined in the
Customizing settings for country &V1&.
This error occurred in the currency determination for ledger &V2& and
company code / global company &V3&.

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?

Maintain the index currency for country &V1&.
<DS:TRAN.OY01>Maintain index currency</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI807 - Country $ does not store an index currency ?

  The SAP error message GI807 ("Country $ does not store an index currency") typically occurs in the context of financial transactions or reporting when the system is unable to find a valid index currency for a specific country. This can happen in various modules, such as Asset Accounting (FI-AA) or Material Management (MM), where currency and index settings are crucial for processing transactions.
  Cause:
  
  Missing Configuration: The country in question does not have an index currency defined in the system. This can happen if the country is newly added or if the configuration was not properly set up.
  Incorrect Master Data: The master data for the relevant financial objects (like assets, materials, etc.) may not have the correct currency settings.
  System Settings: The system may not be configured to handle index currencies for certain countries, especially if the country is not commonly used in your organization.
  
  Solution:
  
  
  Check Country Settings:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the relevant section for currency settings (e.g., Financial Accounting > Financial Accounting Global Settings > Currencies).
  Ensure that the index currency is defined for the country in question.
  
  
  
  Update Master Data:
  
  Review the master data for the relevant objects (e.g., assets, materials) to ensure that they are correctly assigned to the appropriate currency.
  If necessary, update the master data to include the correct index currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to currency and index currency settings to ensure that all necessary configurations are in place.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support for further assistance. They may provide insights specific to your system version or configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), OX15 (for maintaining country settings), and OX19 (for currency settings).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to resolve the GI807 error and ensure that your SAP system can properly handle transactions involving the specified country.