How To Fix MM357 - No currency code could be determined for the valuation area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: MM - Messages for material master maintenance and Customizing

• Message number: 357

• Message text: No currency code could be determined for the valuation area &1

What causes this issue?

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

System Response

How to fix this error?

Ask your system administrator to check whether the currency code is
maintained for the company code assigned to the valuation area &V1&.

Procedure for System Administrators

You do this in Customizing for <LS>Enterprise Structure</> in the
activity <DS:SIMG.SIMG_CFMENUSAPCOX02>Define, Copy, Delete, Check
Company Code</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MM357 - No currency code could be determined for the valuation area &1 ?

  The SAP error message MM357 "No currency code could be determined for the valuation area &1" typically occurs in the Materials Management (MM) module when the system is unable to find a valid currency code for a specific valuation area during a transaction. This can happen in various scenarios, such as during goods movements, inventory valuation, or when creating purchase orders.
  Causes:
  
  Missing Configuration: The valuation area may not have a currency code assigned in the configuration settings.
  Incorrect Master Data: The material master or the plant master data may not have the correct currency settings.
  Valuation Area Issues: The valuation area might not be properly defined or linked to the company code.
  Currency Type Issues: The currency type used in the transaction may not be defined or may not match the expected currency type for the valuation area.
  Company Code Settings: The company code may not have a currency defined, or the currency settings may not be consistent with the valuation area.
  
  Solutions:
  
  
  Check Valuation Area Configuration:
  
  Go to the configuration settings in SPRO (SAP Reference IMG) and navigate to:
  
  Materials Management > Valuation and Account Assignment > Valuation > Define Valuation Areas.
  
  
  Ensure that the valuation area has a currency code assigned.
  
  
  
  Review Material Master Data:
  
  Use transaction code MM03 to display the material master data.
  Check the accounting view and ensure that the currency is correctly set for the material in the relevant valuation area.
  
  
  
  Verify Plant Settings:
  
  Check the plant settings in the configuration to ensure that the plant is correctly linked to the company code and has the appropriate currency settings.
  
  
  
  Check Company Code Currency:
  
  Use transaction code OX15 to check the company code settings.
  Ensure that the currency is defined and matches the currency expected for the valuation area.
  
  
  
  Review Currency Types:
  
  Ensure that the currency types used in the transaction are correctly defined in the system.
  You can check this in the configuration under:
  
  Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies.
  
  
  
  
  
  Consult SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  
  
  
  Related Information:
  
  Transaction Codes: MM03 (Display Material), SPRO (Configuration), OX15 (Company Code Settings).
  Documentation: Refer to SAP Help documentation for detailed information on currency settings and valuation areas.
  Support: If the issue persists after checking the above configurations, consider reaching out to your SAP support team or consulting SAP Community forums for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the MM357 error message in SAP.