How To Fix OM467 - Currency type '10' is not allocated to any material ledger type

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 467

• Message text: Currency type '10' is not allocated to any material ledger type

What causes this issue?

Material ledger types containing the currency of the company code have
not been assigned to the valuation area.

System Response

The system can not activate valuation area &v1& for the material
ledger.

How to fix this error?

Assign currency type <LS>10</> (currency of the company code) to one of
the material ledger types assigned.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OM467 - Currency type '10' is not allocated to any material ledger type ?

  The SAP error message OM467 indicates that the currency type '10' (which typically represents the transaction currency) is not allocated to any material ledger type in the system. This can occur during various transactions related to material management, especially when dealing with material valuation and accounting.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the currency type '10' has not been assigned to any material ledger type in the configuration settings of the SAP system.
  Incorrect Material Ledger Type: The material ledger type being used in the transaction may not be set up to handle the specified currency type.
  System Settings: There may be inconsistencies in the system settings or configurations related to currency types and material ledger types.
  
  Solution:
  To resolve the error OM467, you can follow these steps:
  
  
  Check Material Ledger Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:
  SPRO -> IMG -> Controlling -> Product Cost Controlling -> Material Ledger -> Define Material Ledger Types
  
  Ensure that currency type '10' is assigned to the relevant material ledger type.
  
  
  
  Assign Currency Type:
  
  If currency type '10' is not assigned, you will need to add it. You can do this by selecting the appropriate material ledger type and adding the currency type in the configuration.
  
  
  
  Review Currency Types:
  
  Check the configuration for currency types in the system. You can find this under:
  SPRO -> IMG -> Financial Accounting -> Financial Accounting Global Settings -> Currencies -> Define Currency Types
  
  Ensure that currency type '10' is defined correctly.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP Basis or functional consultant for assistance.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are used to define how different currencies are handled in transactions. Common currency types include:
  
  10: Transaction currency
  20: Group currency
  30: Hard currency
  
  
  Material Ledger: The material ledger is a tool in SAP that allows for the management of inventory and valuation in multiple currencies and provides detailed information about material movements and valuations.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: To maintain exchange rates.
  CKM3N: To display material ledger documents.
  
  
  
  By following these steps and understanding the related concepts, you should be able to resolve the OM467 error effectively.