No Shop Currency defined! - VirtueMart Error

After setting up Virtuemart, you may see some error messages regarding setting your currency, such as "No Shop Currency defined!,"  or "COM_VIRTUEMART_CONF_WARN_NO_CURRENCY_DEFINED." This is a common error when setting up your Virtuemart E-commerce website, since according to google 1300 people a month search for a solution to this error.

In this tutorial we will show you how to set up Virtuemart, so the errors regarding defining your currency will not display anymore. We will login to the Admin portion if Virtuemart, and fill in the shop information, and vendor information, and then set the currency. 

Filling in the Additional Information

1. Login to your Joomla! Admin Panel.
2. Roll your mouse over the Components option on the top menu, and choose Virtuemart.
3. Select the Shop button from the list of buttons.
   
4. Toward the top of the page, click the Additional Information tab.
   
5. You will see various text fields available, fill in all of the required fields, they are labeled with an asterisk (*). The Last requirement is to agree to the Terms of Service, be sure to check the box that corresponds with this step.
   

   List of Required Fields
   Displayed Name
   Username
   Password
   Confirm Password
   Email
   First Name
   Last Name
   Address 1
   Zip / Postal Code
   City
   Country
   State / Province / Region
   Phone
   I agree to the Terms of Service

   
   After filling in the required fields, and agreeing to the Terms of Service, click the Save button on the top right.

Filling in the Vendor Information & Setting the Currency

1. Roll your mouse over the Components menu on top, and select Virtuemart.
2. Click the Shop button.
3. Select the Vendor tab.
   
4. Under the Vendor Information section fill in the following fields: Shop Name, Shop Company Name, feel free to fill in additional fields at this time, such as URL(it is not required).
5. Under the Currency section Click the drop-down box, and choose your preferred currency. In my tests I chose United States dollar. To the right of the "List of accepted currencies," you can click and choose additional currencies.
   
   After making your selections, click the save button on the top right. You will see a notification stating "Info: User data stored", and "Info: Vendor data stored."
   
   
   

Congratulations, now you know how to define your currency in Virtuemart, so you no longer get the following errors:
COM_VIRTUEMART_CONF_WARN_NO_CURRENCY_DEFINED
&
No Shop Currency defined!