How To Fix >U408 - Currency key for a parallel currency is not defined for company code &1

>U408 - Overview

• Message type: E = Error

• Message class: >U -

• Message number: 408

• Message text: Currency key for a parallel currency is not defined for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >U408 - Currency key for a parallel currency is not defined for company code &1 ?

  The SAP error message U408 indicates that there is an issue with the currency settings for a specific company code in the system. This error typically arises when a parallel currency (such as a second currency used for reporting or accounting purposes) is not defined for the specified company code.
  
  Cause:
  
  Missing Parallel Currency Configuration: The company code does not have a parallel currency defined in its settings.
  Incorrect Configuration: The configuration for the parallel currency might be incorrect or incomplete.
  Currency Type Not Set: The currency type for the parallel currency may not be set up properly in the system.
  
  
  Solution:
  To resolve the U408 error, you can follow these steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Account > Prepare for Migration > Define Company Code).
  Select the relevant company code and check the currency settings.
  
  
  
  Define Parallel