How To Fix ICL_MI014 - Currency &1 does not exist (distribution plan &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: ICL_MI - Multiple Insurance

• Message number: 014

• Message text: Currency &1 does not exist (distribution plan &2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICL_MI014 - Currency &1 does not exist (distribution plan &2) ?

  The SAP error message ICL_MI014 indicates that there is an issue with a currency that is not recognized in the context of a distribution plan. This error typically arises in the context of SAP's Industry Solution for Insurance (ICL) when dealing with financial transactions or planning that involves currency conversion or currency-specific calculations.
  Cause:
  
  Missing Currency Configuration: The currency specified in the distribution plan does not exist in the system. This could be due to the currency not being defined in the system or not being activated for the relevant company code or controlling area.
  Incorrect Currency Code: There may be a typo or incorrect currency code being used in the distribution plan.
  Inactive Currency: The currency might be inactive or not available for the specific transaction type or period.
  Master Data Issues: The master data related to the distribution plan may not be correctly set up, leading to the system not recognizing the currency.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the currency settings in your SAP system.
  Ensure that the currency in question is defined and active.
  
  
  
  Verify Distribution Plan:
  
  Review the distribution plan (identified by &2 in the error message) to ensure that the currency code is correct and matches the expected format.
  Check if the distribution plan is set up correctly and that all required fields are filled out.
  
  
  
  Activate Currency:
  
  If the currency is not active, you may need to activate it for the relevant company code or controlling area.
  
  
  
  Check Master Data:
  
  Ensure that all relevant master data (e.g., customer/vendor master records, material master) is correctly set up and includes the necessary currency information.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on how to manage currencies in your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for currency settings), SE11 (for data dictionary), and SE16 (for table viewing) to investigate further.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and modify currency settings and distribution plans.
  
  By following these steps, you should be able to identify and resolve the issue related to the ICL_MI014 error message in SAP.