How To Fix HRCMP00LTI055 - Currency for company code &1 not found

SAP Error Message - Details

• Message type: E = Error

• Message class: HRCMP00LTI - Messages for Long-Term Incentives

• Message number: 055

• Message text: Currency for company code &1 not found

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message HRCMP00LTI055 - Currency for company code &1 not found ?

  The SAP error message HRCMP00LTI055 indicates that the system cannot find a currency for a specified company code. This typically occurs in the context of financial transactions or reporting where a currency is required but not defined for the given company code.
  Cause:
  
  Missing Currency Configuration: The company code may not have a currency assigned in the configuration settings.
  Incorrect Company Code: The company code specified in the transaction may be incorrect or not properly set up in the system.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing entries related to currency settings.
  Custom Development: If there are custom programs or enhancements, they may not be handling currency assignments correctly.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Settings > Define Company Code).
  Verify that the company code in question has a currency assigned. If not, you will need to assign a currency.
  
  
  
  Assign Currency:
  
  If the currency is missing, you can assign it by editing the company code settings. Ensure that the currency is valid and corresponds to the requirements of your organization.
  
  
  
  Verify Transaction Data:
  
  Check the transaction or report that triggered the error to ensure that the correct company code is being used.
  
  
  
  Review Migration Data:
  
  If this issue arose after a data migration, review the migration process to ensure that all necessary currency assignments were included.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or functional team for any specific configurations that may be required for your environment.
  
  
  
  Check for Custom Code:
  
  If there are custom developments, review the code to ensure that it correctly handles currency assignments.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Define Company Code
  OB22: Define Currencies
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Support: If the issue persists after checking the above, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to resolve the error message HRCMP00LTI055 and ensure that the necessary currency configurations are in place for your company code.