How To Fix HRPAY99LOAN060 - Currency &1 is not valid for default or fixed values

HRPAY99LOAN060 - Overview

• Message type: E = Error

• Message class: HRPAY99LOAN - International Payroll: Company Loans

• Message number: 060

• Message text: Currency &1 is not valid for default or fixed values

What causes this issue?

You want to create a loan which has default, fixed or maximum values
stored in Customizing. The currency &V1& entered there is not valid
during the entire period &V2& to &V3& according to table TCURC
<LS>(Currency codes)</> or table T500W <LS>(Valid Country Currencies)
</> .

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 all currencies in the infotype and change them if necessary.
INCLUDE NA_SYSADMIN1 OBJECT DOKU ID TX

Procedure for System Administrators

Check the entries for currency &V1& in table T506C <LS>(Controlling
Loan Allocation)</> in Customizing for <LS>Payroll</> under <LS>Loans
-> Master data -> Control Allocation of Loans -> Define Values</>.

Error message extract from SAP system. Copyright SAP SE.

HRPAY99LOAN060 - Details

• The SAP error message HRPAY99LOAN060 indicates that there is an issue with the currency being used in a payroll or loan-related context. Specifically, the error states that the currency specified (denoted by &1) is not valid for default or fixed values in the system.
  
  Cause:
  
  Invalid Currency Code: The currency code specified in the payroll or loan configuration may not be recognized by the system. This could happen if the currency is not defined in the system or if there is a typo in the currency code.
  
  Configuration Issues: The configuration settings for payroll or loans may not have been set up correctly, leading to the system not recognizing the currency.
  Missing Currency in Master Data: The employee or organizational master data may not have the correct currency assigned, which can lead to this error when processing payroll or loans.
  Currency Conversion Issues: If there are currency conversion settings that are not properly configured, it