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

KT275 - Overview

• 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.

KT275 - Details

• 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