60811 - Correction items do not have option rate history

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 811

• Message text: Correction items do not have option rate history

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 60811 - Correction items do not have option rate history ?

  The SAP error message 60811, which states "Correction items do not have option rate history," typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or adjustments. This error indicates that the system is unable to find the necessary historical exchange rate data for the correction items being processed.
  Cause:
  
  Missing Exchange Rate Data: The primary cause of this error is that the system cannot find the historical exchange rates for the currency involved in the correction items. This can happen if the exchange rates were not maintained for the relevant period.
  Incorrect Configuration: There may be issues with the configuration of the currency settings or the valuation methods in the system.
  Data Inconsistencies: There could be inconsistencies in the data, such as missing entries in the exchange rate tables.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and ensure that the exchange rates for the relevant currencies are maintained for the required periods.
  Make sure that the rates are entered for both the date of the original transaction and the date of the correction.
  
  
  
  Check Configuration:
  
  Review the configuration settings related to currency valuation in the Financial Accounting (FI) module. Ensure that the settings for currency types and valuation methods are correctly configured.
  
  
  
  Run Currency Translation:
  
  If applicable, run the currency translation process to ensure that all necessary exchange rates are updated in the system.
  
  
  
  Review Correction Items:
  
  Check the correction items to ensure they are correctly defined and that they reference the appropriate exchange rates.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling currency valuation and correction items.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, as they may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), F.05 (Foreign Currency Valuation), and others that may be relevant to currency management.
  SAP Notes: Check for any SAP Notes related to error 60811, as there may be patches or updates that address this issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing additional insights or solutions.
  
  By following these steps, you should be able to resolve the error message 60811 and ensure that your correction items have the necessary option rate history.