How To Fix RQ074 - Invalid currency key

SAP Error Message - Details

• Message type: E = Error

• Message class: RQ - Messages for Cash Management and Forecast

• Message number: 074

• Message text: Invalid currency key

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RQ074 - Invalid currency key ?

  The SAP error message RQ074 "Invalid currency key" typically occurs when there is an issue with the currency settings in the system. This error can arise in various contexts, such as during the processing of financial documents, when creating or posting invoices, or when dealing with currency conversion.
  Causes of RQ074 Invalid Currency Key
  
  
  Incorrect Currency Code: The currency code used in the transaction may not be valid or recognized by the system. This can happen if the currency code is misspelled or if it has not been defined in the system.
  
  
  Missing Currency Configuration: The currency may not be configured in the system. For example, if a new currency is introduced but not set up in the relevant tables, this error can occur.
  
  
  Inactive Currency: The currency might be inactive or not allowed for the specific transaction type or company code.
  
  
  Data Entry Errors: Manual entry errors during transaction processing can lead to invalid currency keys being used.
  
  
  Master Data Issues: If the master data (like vendor or customer records) contains an invalid currency key, it can trigger this error when transactions are processed.
  
  
  Solutions to RQ074 Invalid Currency Key
  
  
  Check Currency Code: Verify that the currency code used in the transaction is correct. Ensure that it matches the standard currency codes recognized by SAP.
  
  
  Currency Configuration: Go to the transaction code OB08 (or the relevant configuration transaction) to check if the currency is defined and active in the system. If it is not, you may need to add it.
  
  
  Activate Currency: If the currency is inactive, you may need to activate it in the relevant configuration settings.
  
  
  Review Master Data: Check the master data for any vendors, customers, or other entities involved in the transaction to ensure that they are using valid and active currency keys.
  
  
  Transaction Type Settings: Ensure that the currency is allowed for the specific transaction type or company code you are working with.
  
  
  Consult Documentation: Review SAP documentation or help resources for any specific notes related to the currency in question.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for further assistance.
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for currency settings, SE11 for data dictionary, and SE16 for table data viewing.
  SAP Notes: Search for SAP Notes related to currency issues, as they may provide specific fixes or patches for known problems.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency settings or master data.
  
  By following these steps, you should be able to identify and resolve the cause of the RQ074 error in SAP.