How To Fix KK499 - Currency & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: KK -

• Message number: 499

• Message text: Currency & does not exist

What causes this issue?

You entered a currency which does not exist in the system.

System Response

The system cannot translate the currency.

How to fix this error?

Enter a valid currency, or go into Customizing and define currency
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Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KK499 - Currency & does not exist ?

  The SAP error message KK499, which states "Currency & does not exist," typically occurs in the context of controlling (CO) or financial accounting (FI) when the system is unable to recognize or find the specified currency in the system. This can happen in various scenarios, such as when trying to post a transaction, create a report, or perform any operation that involves currency conversion or currency settings.
  Causes of KK499 Error
  
  
  Currency Not Defined: The currency you are trying to use has not been defined in the system. This could be a custom currency or a currency that is not part of the standard configuration.
  
  
  Missing Currency Configuration: The currency might not be configured properly in the relevant settings, such as in the company code or controlling area.
  
  
  Incorrect Transaction Data: The transaction data being processed may contain an incorrect or unsupported currency code.
  
  
  Master Data Issues: The master data (like cost centers, internal orders, etc.) may reference a currency that is not defined.
  
  
  Currency Type Issues: The currency type being used may not be set up correctly in the system.
  
  
  Solutions to KK499 Error
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check if the currency is defined in the system.
  If the currency is missing, you can add it by creating a new entry.
  
  
  
  Verify Company Code Settings:
  
  Ensure that the currency is assigned to the relevant company code. You can check this in the company code settings (transaction code OBY6).
  
  
  
  Review Master Data:
  
  Check the master data for the relevant objects (like cost centers, internal orders, etc.) to ensure that they are using the correct currency.
  
  
  
  Check Transaction Data:
  
  Review the transaction data being processed to ensure that it is using a valid currency code.
  
  
  
  Currency Type Configuration:
  
  Ensure that the currency type is correctly configured in the system. You can check this in the configuration settings for controlling or financial accounting.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency codes or configurations, refer to SAP documentation or consult with your SAP administrator.
  
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain exchange rates.
  OBY6: Define company code settings.
  KS01/KS02: Create/Change Cost Center (to check currency settings).
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your specific version of SAP.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to view and modify currency settings.
  
  
  By following these steps, you should be able to identify the cause of the KK499 error and implement the necessary solutions to resolve it. If the issue persists, consider reaching out to your SAP support team for further assistance.