How To Fix KG721 - Currency key could not be found correctly

KG721 - Overview

• Message type: E = Error

• Message class: KG - CO-PA Planning

• Message number: 721

• Message text: Currency key could not be found correctly

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message KG721 - Currency key could not be found correctly ?

  The SAP error message KG721, which states "Currency key could not be found correctly," typically occurs in the context of controlling (CO) or financial accounting (FI) modules when there is an issue with currency settings or configurations. Here are some potential causes, solutions, and related information for this error:
  Causes:
  
  Missing Currency Configuration: The currency key that is being referenced in a transaction or report may not be defined in the system.
  Incorrect Currency Key: The currency key used in the transaction may be misspelled or incorrect.
  Master Data Issues: The master data (such as cost centers, internal orders, etc.) may not have the correct currency assigned.
  Currency Type Issues: The currency type being used may not be set up correctly in the system.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in currency keys.
  
  Solutions:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the currency settings. Ensure that