How To Fix HRPAY99LOAN003 - Currency &1 is not valid on &2

SAP Error Message - Details

• Message type: E = Error

• Message class: HRPAY99LOAN - International Payroll: Company Loans

• Message number: 003

• Message text: Currency &1 is not valid on &2

What causes this issue?

According to table TCURC (Currency codes) or table T500W (Valid country
currencies), the currency &V1& is not valid on &V2&

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?

Check the currency you entered.

Procedure for System Administrators

Check the entries for currency &V1& in tables TCURC and T500W.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message HRPAY99LOAN003 - Currency &1 is not valid on &2 ?

  The SAP error message HRPAY99LOAN003 indicates that there is an issue with the currency being used in a payroll or loan-related transaction. Specifically, the message states that the currency specified (denoted as &1) is not valid on the date provided (denoted as &2). This can occur in various contexts, such as when processing payroll, loans, or other financial transactions within the SAP HR module.
  Cause:
  
  Invalid Currency Code: The currency code specified in the transaction may not be recognized by the system. This could be due to a typo or an incorrect currency code being used.
  Currency Not Active: The currency may not be active or configured in the system for the specified date. Currencies can be deactivated or may not have been set up correctly in the system.
  Date-Specific Configuration: The currency might be valid in general but not valid for the specific date mentioned in the error message. This can happen if the currency was only valid for certain periods.
  Missing Exchange Rate: If the transaction involves currency conversion, there may be no exchange rate defined for the specified currency on the given date.
  
  Solution:
  
  Check Currency Code: Verify that the currency code used in the transaction is correct and valid. Ensure there are no typographical errors.
  Review Currency Configuration: Go to the configuration settings in SAP to check if the currency is active and properly set up. This can be done in the following path:
  
  SPRO ? IMG ? Financial Accounting ? Currency ? Define and Assign Currencies.
  
  
  Check Validity Dates: Ensure that the currency is valid for the date specified in the error message. You can check the validity of the currency in the currency configuration settings.
  Exchange Rate Maintenance: If applicable, check if there is an exchange rate defined for the currency on the specified date. You can maintain exchange rates in:
  
  SPRO ? IMG ? Financial Accounting ? Currency ? Maintain Exchange Rates.
  
  
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates) or OB22 (for defining currencies) to resolve the issue.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Authorization: Ensure that you have the necessary authorizations to view and modify currency settings in the SAP system.
  
  By following these steps, you should be able to identify and resolve the issue related to the HRPAY99LOAN003 error message.