How To Fix WV118 - Currency &1 not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: WV - Messages about Sales Price Calculation

• Message number: 118

• Message text: Currency &1 not defined

What causes this issue?

Currency &V1& does not exist in the system.

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?

If you wish to define a new currency, you will need to maintain it in
Customizing together with the conversion rule.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message WV118 - Currency &1 not defined ?

  The SAP error message WV118, which states "Currency &1 not defined," typically occurs when the system encounters a currency that has not been properly defined in the configuration settings. This can happen in various contexts, such as during the processing of transactions, reporting, or when trying to create or modify master data.
  Cause:
  
  Missing Currency Definition: The currency in question has not been defined in the system. This could be a new currency that has not been set up yet.
  Incorrect Configuration: The currency might be incorrectly configured or not assigned to the relevant company code or controlling area.
  Data Entry Error: There may be a typo or error in the currency code being used in the transaction or master data.
  Currency Type Issues: The currency might not be defined for the specific type of transaction or document being processed.
  
  Solution:
  
  
  Define the Currency:
  
  Go to the transaction code OB08 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Check if the currency code (represented by &1 in the error message) is listed. If not, you will need to create it.
  Enter the currency code, description, and any other required details.
  
  
  
  Check Configuration:
  
  Ensure that the currency is assigned to the relevant company code or controlling area.
  Verify that the currency is set up correctly in the relevant configuration settings.
  
  
  
  Review Master Data:
  
  If the error occurs during a transaction involving master data (like vendor or customer records), check the master data to ensure that the currency is correctly specified.
  
  
  
  Correct Data Entry:
  
  Double-check the currency code being used in the transaction for any typos or errors.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency setup or the implications of adding a new currency, consult your SAP documentation or reach out to your SAP support team.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Define Currencies
  OB22: Define Currency Types
  OBA5: Define Document Types for Currency
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to currency definitions.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency definitions and configurations.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation.