How To Fix VELO261 - Currency for field gross-list-price is not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: VELO - Vehicle Management System

• Message number: 261

• Message text: Currency for field gross-list-price is not specified

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message VELO261 - Currency for field gross-list-price is not specified ?

  The SAP error message VELO261 indicates that the currency for the field "gross-list-price" is not specified in the relevant context. This error typically arises in scenarios involving pricing, such as when creating or updating a material master record, sales order, or other related documents where pricing information is required.
  Cause:
  
  Missing Currency Specification: The currency for the gross list price has not been defined in the relevant master data or transaction.
  Configuration Issues: There may be issues in the configuration of the pricing procedure or the currency settings in the system.
  Data Entry Errors: The user may have omitted the currency field while entering data.
  
  Solution:
  
  
  Check Master Data:
  
  Ensure that the currency is specified in the material master record or the relevant master data where the gross list price is being used.
  Navigate to the material master (transaction code MM02) and check the "Sales Organization Data" or "Purchasing Data" views to ensure the currency is set.
  
  
  
  Review Pricing Procedure:
  
  Check the pricing procedure configuration in the SAP system (transaction code SPRO). Ensure that the pricing procedure is correctly set up to include the currency for the gross list price.
  Verify that the condition types related to pricing are correctly configured to handle currency.
  
  
  
  Data Entry:
  
  When entering data in transactions (like sales orders or purchase orders), ensure that the currency field is filled out correctly.
  If using a custom transaction or program, ensure that the currency field is being populated correctly in the code.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on the error and related configuration settings.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: MM02 (Change Material), VA01 (Create Sales Order), ME21N (Create Purchase Order).
  Configuration Path: SPRO > SAP Reference IMG > Sales and Distribution > Basic Functions > Pricing > Pricing Control.
  Currency Settings: Ensure that the currency settings in the company code and controlling area are correctly defined.
  
  By following these steps, you should be able to resolve the VELO261 error and ensure that the currency for the gross list price is properly specified in your SAP system.