How To Fix GJ642 - Currency & Does not Exist for Company Code &

SAP Error Message - Details

• Message type: E = Error

• Message class: GJ - Joint Venture Accounting

• Message number: 642

• Message text: Currency & Does not Exist for Company Code &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GJ642 - Currency & Does not Exist for Company Code & ?

  The SAP error message GJ642, which states "Currency & does not exist for Company Code &," typically occurs when you are trying to perform a transaction or posting in SAP that involves a currency that has not been defined for the specified company code. This can happen in various modules, including Financial Accounting (FI) and Controlling (CO).
  Cause:
  
  Currency Not Defined: The currency you are trying to use is not defined in the system for the specified company code.
  Incorrect Configuration: The company code may not be properly configured to use the currency in question.
  Missing Exchange Rate: If the currency is defined but there is no exchange rate maintained, it can also lead to this error.
  Transaction Type: The transaction you are trying to execute may not support the currency you are using.
  
  Solution:
  To resolve the GJ642 error, you can follow these steps:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check if the currency is defined for the company code.
  Ensure that the currency you are trying to use is listed and properly configured.
  
  
  
  Define Currency for Company Code:
  
  If the currency is not defined, you can define it by going to the transaction code OBY6 (or OBY1 for new company codes) and adding the currency to the company code.
  
  
  
  Maintain Exchange Rates:
  
  If the currency is defined but you are still facing issues, check if the exchange rates are maintained for that currency. Use transaction code OB08 to maintain exchange rates.
  
  
  
  Check Transaction Type:
  
  Ensure that the transaction type you are using supports the currency in question. Some transactions may have restrictions on the currencies that can be used.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBY6: Define Company Code Currency
  OBY1: Create Company Code
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to currency configuration.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency settings in the system.
  
  By following these steps, you should be able to resolve the GJ642 error and continue with your transactions in SAP.