How To Fix 1Q362 - Error when converting to equivalent currency in netting

1Q362 - Overview

• Message type: E = Error

• Message class: 1Q - Messages In-House Banking

• Message number: 362

• Message text: Error when converting to equivalent currency in netting

What causes this issue?

An error occured when calculating the netting equivalent currency.

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

System Response

Processing was terminated. No netting report was generated.

How to fix this error?

Check the exchange rate table and make sure that a translation of the
netting group currencies is possible in the netting equivalent
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 1Q362 - Error when converting to equivalent currency in netting ?

  The SAP error message 1Q362, which indicates an error when converting to equivalent currency in netting, typically arises in the context of financial transactions where currency conversion is required. This error can occur in various scenarios, such as during the netting process in financial accounting or when dealing with intercompany transactions.
  
  Cause:
  
  
  Currency Conversion Issues: The error often occurs when the system is unable to find a valid exchange rate for the currencies involved in the transaction. This can happen if:
  
  The exchange rate is not maintained in the system for the relevant currency pair.
  The exchange rate is outdated or not valid for the transaction date.
  The currency conversion settings are not properly configured.
  
  
  
  Configuration Errors: Incorrect settings in the currency configuration or netting process can lead to this error. This includes:
  
  Missing or incorrect settings in the currency types.
  Issues with the netting configuration in the system.
  
  
  
  Data Issues: There may be issues with the data being