How To Fix KT354 - Group currency is not contained in the currency and valuation profile

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 354

• Message text: Group currency is not contained in the currency and valuation profile

What causes this issue?

You have entered currency and valuation profile &V2& in controlling
area &V1&. This does not contain currency type &V3&.

How to fix this error?

You should only use currency types in the controlling area that exist
in the currency and valuation profile you have assigned to.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KT354 - Group currency is not contained in the currency and valuation profile ?

  The SAP error message KT354, which states "Group currency is not contained in the currency and valuation profile," typically occurs in the context of financial transactions or reporting when the system is unable to find the specified group currency in the defined currency and valuation profile for a particular company code or controlling area.
  Cause:
  
  Missing Group Currency: The group currency (often a currency like EUR or USD) is not included in the currency and valuation profile assigned to the company code or controlling area.
  Configuration Issues: The currency and valuation profile may not be properly configured to include the group currency.
  Incorrect Assignment: The company code or controlling area may not be correctly assigned to the currency and valuation profile that includes the group currency.
  
  Solution:
  To resolve the KT354 error, you can follow these steps:
  
  
  Check Currency and Valuation Profile:
  
  Go to the transaction code OB22 (for company code) or OKB9 (for controlling area) to check the currency and valuation profile assigned to your company code or controlling area.
  Ensure that the group currency is included in the profile.
  
  
  
  Modify the Currency and Valuation Profile:
  
  If the group currency is missing, you will need to modify the currency and valuation profile to include it.
  You can do this by going to the transaction code OB22 or OKB9, selecting the relevant profile, and adding the group currency.
  
  
  
  Check Company Code/Controlling Area Assignment:
  
  Ensure that the company code or controlling area is correctly assigned to the currency and valuation profile that contains the group currency.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct configuration, refer to SAP documentation or consult with your SAP Basis or Finance team for guidance on the proper setup.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Currency Types: In SAP, there are typically three types of currencies: company code currency, group currency, and transaction currency. Understanding these can help in configuring the system correctly.
  Valuation Profiles: These profiles define how currencies are handled in financial transactions and reporting. They are crucial for ensuring that all necessary currencies are available for transactions.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal SAP team for further troubleshooting.