How To Fix H1101 - A (standard) currency has not been defined for the period from &1 to &2

H1101 - Overview

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 101

• Message text: A (standard) currency has not been defined for the period from &1 to &2

What causes this issue?

In the period from &v1& to &v2&, the currency defined in table 'T7PM2'
changes. You cannot change the currency during a financial year.

System Response

The action cannot be performed.

How to fix this error?

Please define a standard currency in current settings (<ls>Define
Budget Currency</> for the period from &v1& to &v2&, or contact your
system administrator.

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

<DS:TRAN.OOP1>Current Settings</>

Error message extract from SAP system. Copyright SAP SE.

H1101 - Details

• The SAP error message H1101 indicates that a standard currency has not been defined for a specific period in the system. This error typically arises when you are trying to perform a transaction that requires a standard currency setting, but the system cannot find the necessary configuration for the specified period.
  
  Cause:
  
  Missing Configuration: The standard currency (usually the company code currency) has not been defined for the specified period in the controlling area or company code settings.
  Period Settings: The period you are trying to access may not have been properly configured in the system, leading to the absence of a standard currency.
  Data Migration Issues: If data has been migrated from another system, there may be gaps in the currency settings for certain periods.
  
  
  Solution:
  
  
  Define Standard Currency:
  
  Go to the transaction code OB22 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > G/L Accounts > Edit G/L Account Centrally).
  Check