How To Fix GP706 - No decimal places defined for currency key &

GP706 - Overview

• Message type: E = Error

• Message class: GP - FI-SL and CO planning

• Message number: 706

• Message text: No decimal places defined for currency key &

What causes this issue?

A distribution of values using currency key &v1& is to be carried out
for a planning record. The system must recognize the decimal places of
the currency fields for the distribution overflow check. However, no
decimal places are defined for the currency in table TCURX.

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

System Response

The planning record cannot be transferred because a distribution cannot
take place due to missing decimal places.

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 GP706 - No decimal places defined for currency key & ?

  The SAP error message GP706 "No decimal places defined for currency key &" typically occurs when a currency key is used in a transaction or configuration, but the system does not have any decimal places defined for that currency. This can lead to issues in calculations, reporting, or data entry where decimal precision is required.
  
  Cause:
  
  Missing Configuration: The currency key in question has not been properly configured in the system to define the number of decimal places.
  Incorrect Currency Key: The currency key being used may be incorrect or not recognized by the system.
  Data Entry Error: There may be a mistake in the data entry where an invalid currency key is being used.
  
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 (or use the appropriate transaction for your version of SAP) to check the currency settings.
  Look for the currency key that is causing the error and ensure that it has the correct number