How To Fix KT275 - Currency not defined for currency type &

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 275

• Message text: Currency not defined for currency type &

What causes this issue?

You want to use currency type &V1& in controlling area &V2&. The SAP
System determined the relevant company codes and tried to derive the
currency from the currency type. This was not possible for company code
&V3&.
&NOTE&
The currency is determined as follows:
Currency type "10": from the company code
Currency type "40": from the country of the company code
Currency type "50": from the country of the company code
Currency type "60": from the company to which the company code belongs

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Change the currency type, or assign the relevant currencies to the
company code, country, or company.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KT275 - Currency not defined for currency type & ?

  The SAP error message KT275, which states "Currency not defined for currency type &," typically occurs in the context of controlling (CO) or financial accounting (FI) when a currency type is not properly configured in the system. This error can arise in various scenarios, such as when trying to post transactions, create reports, or perform other financial operations.
  Cause:
  
  Missing Currency Configuration: The currency type specified in the transaction or report is not defined in the system. This could be due to a missing entry in the currency configuration tables.
  Incorrect Currency Type: The currency type being used may not be valid for the specific transaction or context.
  Master Data Issues: The master data (such as cost centers, internal orders, etc.) may not have the necessary currency settings defined.
  Custom Development: If there are custom programs or enhancements, they may not handle currency types correctly.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 (or the relevant configuration transaction) to check the currency types defined in the system.
  Ensure that the currency type in question is defined and that the necessary currencies are assigned to it.
  
  
  
  Review Master Data:
  
  Check the master data related to the transaction (e.g., cost centers, internal orders) to ensure that the currency settings are correctly defined.
  Make sure that the relevant master data is assigned to the correct currency type.
  
  
  
  Transaction Context:
  
  Verify the context in which the error occurs. Ensure that the currency type being used is appropriate for the transaction or report you are trying to execute.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on the currency types and their configurations.
  
  
  
  Custom Code Review:
  
  If the error arises from a custom program, review the code to ensure that it correctly handles currency types and that it references the correct configuration.
  
  
  
  SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are used to differentiate between various currencies used in financial transactions (e.g., transaction currency, local currency, group currency).
  Configuration Path: The configuration for currencies can typically be found under SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for currency configuration) and KS01/KS02 (for cost center master data) to troubleshoot effectively.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP Basis or functional team for further assistance.