How To Fix H1288 - Define a valid currency for clearing for &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 288

• Message text: Define a valid currency for clearing for &

What causes this issue?

No budget currency found that is valid on &.

System Response

Conversion not possible.

How to fix this error?

In table <ls>T7PM2</>, define a currency for clearing. Alternatively,
contact your system administrator.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1288 - Define a valid currency for clearing for & ?

  The SAP error message H1288, which states "Define a valid currency for clearing for &," typically occurs in the context of financial transactions, particularly when dealing with clearing accounts or processes in SAP. This error indicates that the system cannot find a valid currency configuration for the specified clearing account or transaction.
  Cause:
  
  Missing Currency Configuration: The currency for the clearing account has not been defined in the system.
  Incorrect Account Settings: The account settings may not have the necessary currency defined for clearing purposes.
  Transaction Type Issues: The transaction type being used may not be compatible with the currency settings.
  Master Data Issues: The master data for the customer/vendor or the account may not have the correct currency settings.
  
  Solution:
  
  
  Define Currency for Clearing Account:
  
  Go to the transaction code OB22 (or the relevant configuration path) to define the currency for the clearing account.
  Ensure that the clearing account has a valid currency assigned.
  
  
  
  Check Account Settings:
  
  Navigate to the account settings in the relevant module (e.g., FI, CO) and verify that the currency is correctly set up for the account in question.
  
  
  
  Review Transaction Types:
  
  Ensure that the transaction type being used is compatible with the currency settings. You may need to adjust the configuration for the transaction type.
  
  
  
  Update Master Data:
  
  Check the master data for the customer or vendor involved in the transaction. Ensure that the currency is correctly defined in their master records.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on currency settings and clearing processes.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for account settings), FS00 (for G/L account master data), and FK01/FD01 (for vendor/customer master data).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to account settings and master data.
  
  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 within SAP.