How To Fix MN623 - Currency &1 not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: MN - Message class for subsequent settlement (Purchasing)

• Message number: 623

• Message text: Currency &1 not defined

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message MN623 - Currency &1 not defined ?

  The SAP error message MN623 "Currency &1 not defined" typically occurs when the system encounters a currency that has not been defined in the system settings. This can happen in various scenarios, such as during the posting of financial transactions, when creating purchase orders, or when processing invoices.
  Cause:
  
  Missing Currency Definition: The currency in question (denoted by &1 in the error message) has not been set up in the SAP system.
  Incorrect Configuration: The currency might not be properly configured in the relevant organizational units (like company codes or controlling areas).
  Data Entry Error: There may be a typo or incorrect entry in the transaction where the currency is specified.
  
  Solution:
  
  
  Define the Currency:
  
  Go to the transaction code OB08 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Check if the currency in question is listed. If not, you will need to add it.
  Ensure that the currency is defined with the correct details, including the currency code and description.
  
  
  
  Check Configuration:
  
  Ensure that the currency is assigned to the relevant company code or controlling area.
  Verify that the currency is active and has the necessary settings for transactions.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the data entered to ensure that the currency code is correct and matches the defined currencies in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency setup, refer to SAP documentation or consult with your SAP administrator for guidance on currency configuration.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Define Currencies
  OB22: Define Currency Types
  OBY6: Assign Currencies to Company Codes
  
  
  Currency Types: Ensure that the currency type is correctly defined and assigned to the relevant financial transactions.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency definitions or updates.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional assistance.