How To Fix RTC_MODEL_01231 - Local currency is not valid; enter a valid local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: RTC_MODEL_01 -

• Message number: 231

• Message text: Local currency is not valid; enter a valid local currency

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 RTC_MODEL_01231 - Local currency is not valid; enter a valid local currency ?

  The SAP error message RTC_MODEL_01231 indicates that the local currency entered in a transaction or model is not valid. This error typically occurs in the context of financial transactions, budgeting, or planning within SAP systems, particularly in modules like SAP S/4HANA or SAP Analytics Cloud.
  Cause:
  
  Invalid Currency Code: The currency code entered does not exist in the system or is not recognized as a valid local currency.
  Configuration Issues: The local currency may not be properly configured in the company code settings or in the relevant financial settings.
  Data Entry Error: There may be a typographical error in the currency code entered by the user.
  Currency Not Assigned: The currency may not be assigned to the relevant entity (e.g., company code, controlling area).
  Inactive Currency: The currency might be inactive or not allowed for the specific transaction type.
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. Common local currencies include 'USD' for US Dollar, 'EUR' for Euro, etc.
  Review Configuration:
  
  Go to the transaction code OB22 to check the configuration of the company code and ensure that the local currency is set correctly.
  Ensure that the currency is assigned to the relevant company code or controlling area.
  
  
  Update Currency Settings: If the currency is not set up correctly, you may need to update the settings in the configuration.
  Consult with Finance Team: If you are unsure about the correct local currency or its configuration, consult with your finance or accounting team to ensure compliance with organizational standards.
  Check for Inactive Currencies: Ensure that the currency is active and allowed for the specific transaction type you are working with.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for currency configuration) and OBY6 (for defining currencies).
  SAP Documentation: Refer to SAP Help documentation for detailed guidance on currency settings and configuration.
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to currency settings or to access the relevant configuration areas.
  Testing: After making any changes, perform a test transaction to ensure that the error is resolved.
  
  If the issue persists after following these steps, it may be beneficial to reach out to your SAP support team or consult SAP Notes for any known issues related to this error message.