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

SAP Error Message - Details

• 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 of decimal places defined.
  
  
  
  Define Decimal Places:
  
  If the currency key is missing decimal places, you can define them by editing the currency settings in the configuration.
  Ensure that the decimal places are set according to the standard practices for that currency (e.g., USD typically has 2 decimal places).
  
  
  
  Verify Currency Key Usage:
  
  Check the transaction or configuration where the error is occurring to ensure that the correct currency key is being used.
  If necessary, replace the currency key with a valid one that has decimal places defined.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct configuration, refer to SAP documentation or consult with your SAP administrator or support team.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates and currency settings.
  OBY6: Check the currency settings for the company code.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  Testing: After making changes, perform a test transaction to ensure that the error has been resolved.
  
  
  User Permissions: Ensure that you have the necessary permissions to make changes to currency settings in SAP.
  
  
  By following these steps, you should be able to resolve the GP706 error and ensure that the currency key is properly configured in your SAP system.