How To Fix KH312 - Currency translation key & is not allowed here

SAP Error Message - Details

• Message type: E = Error

• Message class: KH - CO-PA Reporting

• Message number: 312

• Message text: Currency translation key & is not allowed here

What causes this issue?

More than two simultaneous currency translation keys based on daily
rates is not supported.
&sYSTEM_RESPONSE&
The third translation based on a daily rate was not performed.

How to fix this error?

Choose another translation key (on a weekly, period or yearly basis or
based on a specific day's rate) or reload the original currency. If you
do the latter, you can use the third translation key.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KH312 - Currency translation key & is not allowed here ?

  The SAP error message KH312 ("Currency translation key & is not allowed here") typically occurs in the context of controlling (CO) or financial accounting (FI) when there is an issue with the currency translation key being used in a particular transaction or configuration. This error indicates that the currency translation key specified is not valid for the context in which it is being used.
  Causes:
  
  Invalid Currency Translation Key: The currency translation key specified may not be defined in the system or may not be applicable for the specific transaction or report.
  Incorrect Configuration: The configuration settings for currency translation in the controlling area or company code may not be set up correctly.
  Incompatible Currency Types: The currency types involved in the transaction may not be compatible with the specified currency translation key.
  Missing Master Data: The necessary master data (like exchange rates or currency settings) may be missing or incorrectly maintained.
  
  Solutions:
  
  Check Currency Translation Key: Verify that the currency translation key you are using is valid and correctly defined in the system. You can check this in the configuration settings for currency translation.
  Review Configuration Settings: Go to the configuration settings in SAP (transaction code SPRO) and ensure that the currency translation settings for your controlling area or company code are correctly configured.
  Update Master Data: Ensure that all necessary master data, including exchange rates and currency settings, are correctly maintained in the system.
  Use Correct Currency Types: Make sure that the currency types used in your transaction are compatible with the currency translation key.
  Consult Documentation: Refer to SAP documentation or help resources for specific details on the currency translation key and its usage.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates) or OKB9 (for currency translation settings) to check and update relevant configurations.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions.
  User Authorization: Ensure that you have the necessary authorizations to access and modify the relevant settings in SAP.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting or controlling.