How To Fix GK161 - Create a ledger with currency key &

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 161

• Message text: Create a ledger with currency key &

What causes this issue?

There is no ledger with currency key &V1&.

System Response

Ledger assignments are done automatically, if obvious.

How to fix this error?

Create a ledger with the corresponding currency key.

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

<DS:TRAN.OC37>Proceed</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK161 - Create a ledger with currency key & ?

  The SAP error message GK161, which states "Create a ledger with currency key &," typically occurs when you are trying to create a new ledger in the SAP system, but the currency key specified for that ledger does not exist in the system. This can happen during the configuration of ledgers in the Financial Accounting (FI) module, particularly when dealing with parallel currencies or when setting up new ledgers for different accounting purposes.
  Cause:
  
  Non-Existent Currency Key: The currency key you are trying to use for the ledger has not been defined in the system.
  Incorrect Configuration: The ledger configuration may be incomplete or incorrect, leading to the system not recognizing the currency key.
  Missing Currency Settings: The currency settings for the company code or controlling area may not include the specified currency.
  
  Solution:
  
  
  Check Currency Key: Verify that the currency key you are trying to use is valid and exists in the system. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) or OBY6 (Define Company Code Global Parameters) to see the list of defined currencies.
  
  
  Create Currency Key: If the currency key does not exist, you will need to create it. This can be done in the following way:
  
  Go to transaction code OB08.
  Enter the currency key and define it if it is not already present.
  
  
  
  Review Ledger Configuration: Ensure that the ledger configuration is correct. You can check this in the transaction code OB22 (Define Ledgers) to see if the ledger is set up properly with the correct currency.
  
  
  Check Company Code Settings: Make sure that the company code is configured to use the currency you are trying to assign to the ledger. You can check this in transaction code OBY6.
  
  
  Consult Documentation: If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP Basis or FI consultant for guidance.
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBY6: Define Company Code Global Parameters
  OB22: Define Ledgers
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to currency keys and ledgers.
  SAP Community: Engage with the SAP Community forums for additional insights and solutions from other users who may have encountered similar issues.
  
  By following these steps, you should be able to resolve the GK161 error and successfully create the ledger with the desired currency key.