How To Fix /PM0/ALB_FND_MSG118 - Define the currency data in the fund data first

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALB_FND_MSG -

• Message number: 118

• Message text: Define the currency data in the fund data first

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_FND_MSG118 - Define the currency data in the fund data first ?

  The SAP error message /PM0/ALB_FND_MSG118 with the description "Define the currency data in the fund data first" typically occurs in the context of Public Sector Management (PSM) or Fund Management (FM) modules. This error indicates that the system requires currency data to be defined for a specific fund before you can proceed with certain transactions or configurations.
  Cause:
  The error is triggered when:
  
  You are trying to perform an operation (like posting a transaction) that requires currency information for a fund.
  The currency data for the fund has not been defined in the system.
  There may be missing or incomplete configuration settings related to the fund's currency.
  
  Solution:
  To resolve this error, you need to define the currency data for the fund. Here are the steps to do this:
  
  
  Access the Fund Data Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the Fund Management module. The path may vary based on your SAP version, but it generally follows:
  Logistics -> Public Sector Management -> Funds Management -> Master Data -> Funds -> Define Fund Data
  
  
  
  
  Select the Relevant Fund:
  
  Find and select the fund for which you are encountering the error.
  
  
  
  Define Currency Data:
  
  In the fund data configuration, look for the section related to currency settings.
  Ensure that the currency is defined correctly. You may need to specify the following:
  
  Currency type (e.g., local currency, hard currency).
  Currency code (e.g., USD, EUR).
  Any other relevant currency settings.
  
  
  
  
  
  Save Changes:
  
  After entering the necessary currency data, save your changes.
  
  
  
  Re-attempt the Transaction:
  
  Once the currency data is defined, try to perform the operation that previously resulted in the error.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FMF1 (to create a fund) or FMF2 (to change a fund) to access fund management directly.
  Documentation: Refer to SAP Help documentation for detailed guidance on Fund Management and currency settings.
  Authorization: Ensure that you have the necessary authorizations to make changes to fund data.
  Consult with SAP Basis or Functional Team: If you continue to face issues, it may be helpful to consult with your SAP Basis or functional team for further assistance.
  
  By following these steps, you should be able to resolve the error and proceed with your intended operations in SAP.