How To Fix UCM1001 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: UCM1 - Messages for Explicit Values Maintenance

• Message number: 001

• Message text: Currency &1 does not exist

What causes this issue?

&V1& is not a valid value for the characteristic <ZK>Currency</>.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Use the input help to select a valid currency.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCM1001 - Currency &1 does not exist ?

  The SAP error message UCM1001, which states "Currency &1 does not exist," typically occurs when the system is unable to recognize or find the specified currency code in its configuration. This can happen in various contexts, such as during transactions, reporting, or data entry.
  Cause:
  
  Invalid Currency Code: The currency code entered does not exist in the system. This could be due to a typo or using an outdated currency code.
  Currency Not Defined: The currency has not been defined in the system settings. This can happen if the currency was never set up or if it was removed.
  Missing Configuration: The currency might not be configured in the relevant company code or controlling area.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing currency definitions.
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure there are no typos or incorrect characters.
  Define Currency: If the currency is indeed missing, you can define it in the system:
  
  Go to Transaction Code OY03 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Add the missing currency code and ensure it is active.
  
  
  Check Company Code Settings: Ensure that the currency is assigned to the relevant company code:
  
  Use Transaction Code OX15 to check the company code settings and ensure the currency is included.
  
  
  Review Configuration: If you are working with controlling areas or other organizational units, ensure that the currency is configured correctly in those areas as well.
  Consult Documentation: If you are unsure about the currency codes or configurations, refer to SAP documentation or consult with your SAP administrator.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OY03 (Define Currencies), OX15 (Company Code), and OX19 (Controlling Area).
  Currency Types: Understand the different types of currencies in SAP (e.g., local currency, group currency, and transaction currency).
  SAP Notes: Check for any SAP Notes related to currency issues, as there may be patches or updates that address specific problems.
  User Roles: Ensure that you have the necessary permissions to view or modify currency settings in the system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional assistance.