How To Fix KT240 - Currency type & is not allowed. The currency must be changed.

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 240

• Message text: Currency type & is not allowed. The currency must be changed.

What causes this issue?

Currency type &V1& requires that currency in the controlling area must
be changed from &V2& to &V3&.

System Response

The SAP System checks whether transaction data exists in the
controlling area. The currency cannot be changed if transaction data
does exist, since this would lead to data inconsistencies.

How to fix this error?

If transaction data exists, you cannot change the currency.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KT240 - Currency type & is not allowed. The currency must be changed. ?

  The SAP error message KT240 ("Currency type & is not allowed. The currency must be changed.") typically occurs in the context of financial transactions, particularly when dealing with cost centers, internal orders, or other financial objects that require specific currency types. This error indicates that the currency type being used in the transaction is not permitted for the specified context.
  Cause:
  
  Incorrect Currency Type: The currency type being used (e.g., local currency, group currency, or transaction currency) is not allowed for the specific cost center, internal order, or other financial object.
  Configuration Issues: The configuration settings in the SAP system may not allow the specified currency type for the transaction.
  Master Data Settings: The master data for the cost center or internal order may not be set up to accept the currency type being used.
  Transaction Type Restrictions: Certain transaction types may have restrictions on the currencies that can be used.
  
  Solution:
  
  Check Currency Type: Verify the currency type being used in the transaction. Ensure that it is appropriate for the context (e.g., local currency for the company code).
  Review Master Data: Check the master data settings for the cost center or internal order. Ensure that the currency type is allowed and correctly configured.
  Configuration Settings: Consult with your SAP configuration team to review the settings related to currency types in the relevant modules (e.g., Controlling (CO), Financial Accounting (FI)).
  Change Currency: If the currency type is indeed not allowed, you may need to change the currency in the transaction to one that is permitted.
  Consult Documentation: Refer to SAP documentation or help resources for specific details on currency types and their allowed configurations.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like KS01 (Create Cost Center), KO01 (Create Internal Order), or OB08 (Maintain Exchange Rates) to check or modify settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency types and error KT240.
  User Authorizations: Ensure that the user has the necessary authorizations to perform transactions with the specified currency type.
  
  If the issue persists after checking these areas, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further troubleshooting.