How To Fix KT317 - A valuation profile always requires a group or company code currency.

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 317

• Message text: A valuation profile always requires a group or company code currency.

What causes this issue?

You have entered a valuation profile in controlling area &V1&. In this
case, only group currency (30) or company code currency (10) is allowed
as controlling area currency. The current currency type, however, is
&V2&.
For currency type 10, the currency and valuation profile may only
contain valuations with currency type 10.

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?

Cancel your entry or change the currency type correspondingly.
&NOTE&
You can change the currency type only if no transaction data exists yet
in controlling area &V1&. If required, reset the transaction data in
controlling area &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KT317 - A valuation profile always requires a group or company code currency. ?

  The SAP error message KT317 indicates that a valuation profile requires a group currency or a company code currency to be defined. This error typically arises in the context of controlling (CO) or financial accounting (FI) when you are trying to perform a transaction that involves valuation profiles, such as when you are working with cost centers, internal orders, or profit centers.
  Cause:
  
  Missing Currency Configuration: The valuation profile you are trying to use does not have a defined group currency or company code currency.
  Incorrect Valuation Profile Assignment: The valuation profile may not be correctly assigned to the relevant master data (e.g., cost centers, internal orders).
  Master Data Issues: The master data associated with the transaction may not have the necessary currency settings.
  
  Solution:
  
  
  Check Valuation Profile Configuration:
  
  Go to the configuration settings for the valuation profile in the SAP system.
  Ensure that the group currency and company code currency are defined correctly.
  You can access this through the following path: 
  
  SPRO ? Controlling ? General Controlling ? Master Data ? Valuation ? Define Valuation Profiles.
  
  
  
  
  
  Assign Valuation Profile:
  
  Ensure that the valuation profile is correctly assigned to the relevant master data (e.g., cost centers, internal orders).
  Check the settings in the master data to ensure that the valuation profile is linked properly.
  
  
  
  Check Master Data:
  
  Review the master data for the cost centers, internal orders, or profit centers involved in the transaction.
  Ensure that the currency settings are correctly defined and that they match the requirements of the valuation profile.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to the SAP documentation or consult with your SAP functional consultant for guidance on setting up valuation profiles and currency settings.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OKB9 (for valuation profiles) and KS01 (for creating cost centers) to navigate to the relevant areas in SAP.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to valuation profiles and currency settings.
  User Roles: Ensure that you have the necessary authorizations to make changes to configuration settings in SAP.
  
  By following these steps, you should be able to resolve the KT317 error and ensure that your valuation profiles are correctly configured with the necessary currency settings.