How To Fix GM051 - Create the currency key &

SAP Error Message - Details

• Message type: E = Error

• Message class: GM - Combination manager

• Message number: 051

• Message text: Create the currency key &

What causes this issue?

You want to use the transaction currency &V1&. However, this has not yet
been created in the central Customizing.

System Response

The currency &V1& cannot be used.

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 GM051 - Create the currency key & ?

  The SAP error message GM051 ("Create the currency key &") typically occurs in the context of the SAP General Ledger or the Funds Management module when the system is unable to find a specific currency key that is required for processing a transaction. This can happen for various reasons, such as missing configuration or incorrect settings.
  Cause:
  
  Missing Currency Key: The currency key that is being referenced in the transaction does not exist in the system.
  Incorrect Configuration: The currency may not be properly configured in the system settings.
  Data Entry Error: There may be a typo or incorrect entry in the transaction that is causing the system to look for a non-existent currency key.
  Master Data Issues: The currency key may not be assigned to the relevant master data (e.g., vendor, customer, or material).
  
  Solution:
  
  
  Create the Currency Key:
  
  Go to the transaction code OB08 (or the relevant transaction for currency configuration).
  Check if the currency key exists. If it does not, you will need to create it.
  Enter the necessary details for the currency key and save the changes.
  
  
  
  Check Configuration:
  
  Ensure that the currency is properly configured in the system. This includes checking the settings in the Financial Accounting and Controlling modules.
  Verify that the currency is assigned to the relevant company codes and that it is active.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data for any typos or incorrect entries related to the currency key.
  Ensure that the currency key being used is valid and corresponds to the expected currency.
  
  
  
  Master Data Review:
  
  Check the relevant master data (e.g., vendor, customer) to ensure that the currency key is assigned correctly.
  If necessary, update the master data to include the correct currency key.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency configuration and management.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBY6: Define currencies for company codes.
  FS00: Create or change G/L accounts.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency keys and error GM051.
  
  
  User Roles: Ensure that you have the necessary authorizations to create or modify currency keys in the system.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting or Funds Management.