How To Fix GPSC175 - Please configure Currency and Exchange Rate Types for Company &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GPSC - PSC Application

• Message number: 175

• Message text: Please configure Currency and Exchange Rate Types for Company &1

What causes this issue?

Currency and Exchange Rate Types are not configured for Company
&1 in table T8PSA_CURR_TYPE.

System Response

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

How to fix this error?

Please configure required fields

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GPSC175 - Please configure Currency and Exchange Rate Types for Company &1 ?

  The SAP error message GPSC175 indicates that there is a configuration issue related to currency and exchange rate types for a specific company code in the system. This error typically arises when the system is unable to find the necessary currency settings for the specified company code, which can prevent transactions from being processed correctly.
  Cause:
  
  Missing Configuration: The company code specified does not have the required currency and exchange rate types configured in the system.
  Incorrect Settings: The settings for currency or exchange rate types may be incorrectly defined or not aligned with the company's requirements.
  New Company Code: If a new company code has been created, it may not have been fully configured for currency settings.
  
  Solution:
  To resolve the GPSC175 error, follow these steps:
  
  
  Access Configuration:
  
  Go to the SAP Easy Access screen and navigate to the configuration settings for currencies.
  Use transaction code OB08 to maintain exchange rates or OBY6 to configure currency settings for the company code.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code in question is properly set up with the required currency.
  Verify that the currency type (e.g., local currency, document currency) is correctly assigned.
  
  
  
  Define Currency Types:
  
  In the configuration, ensure that the currency types are defined for the company code. This includes local currency and any other currencies that may be used.
  
  
  
  Set Up Exchange Rate Types:
  
  Ensure that exchange rate types are defined and maintained for the relevant currencies. This can be done in transaction code OB08.
  
  
  
  Test Configuration:
  
  After making the necessary changes, test the configuration by attempting to perform the transaction that previously resulted in the error.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to SAP documentation or consult with your SAP Basis or Finance team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBY6: Configure Company Code Currency
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to currency configuration issues.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the GPSC175 error and ensure that the currency and exchange rate types are correctly configured for the specified company code.