How To Fix 62250 - No option rate available on &1 for object &2 (&3)

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 250

• Message text: No option rate available on &1 for object &2 (&3)

What causes this issue?

One of the following was not entered for object &v2& (&v3&) for the
specified period:
<DS:GLOS.3526BD05AFAB52B9E10000009B38F974>option rate</>
<DS:GLOS.3526BCF9AFAB52B9E10000009B38F974>composite rate</>
<DS:GLOS.3526BD1FAFAB52B9E10000009B38F974>base rate</>

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?

Enter an option rate for the object in the period associated with the
posting date.
If the object is a correction item (CI) in the input tax adustment
phase, you should calculate the composite rate using the
<DS:TRAN.FOVA>option rate determination</> transaction for the period
associated with posting date &v1&.
If the object is a correction item (CI) in the input tax correction
phase, then calculate the composite rate for the month of December in
the year in which the correction phase started.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62250 - No option rate available on &1 for object &2 (&3) ?

  The SAP error message "62250 No option rate available on &1 for object &2 (&3)" typically occurs in the context of SAP's financial or controlling modules, particularly when dealing with pricing, cost planning, or financial transactions. This error indicates that the system is unable to find a valid option rate for a specific object (like a cost center, internal order, or project) at a given point in time.
  Cause:
  
  Missing Configuration: The option rate may not be configured in the system for the specified object. This could be due to missing entries in the relevant tables or settings.
  Date Issues: The date for which the option rate is being requested may not have a corresponding rate defined. This can happen if the rate is only defined for certain periods.
  Object Not Active: The object (e.g., cost center, internal order) may not be active or may not have been set up correctly in the system.
  Data Inconsistencies: There may be inconsistencies in the master data or transactional data that prevent the system from retrieving the correct rate.
  
  Solution:
  
  Check Configuration: Verify that the option rates are correctly configured for the specified object. This may involve checking the relevant customizing settings in the SAP system.
  Review Date Validity: Ensure that the date for which the option rate is being requested falls within the valid range of the defined rates. If necessary, add or adjust the rates for the required period.
  Activate Object: If the object is not active, ensure that it is properly activated and configured in the system.
  Data Consistency Check: Perform a data consistency check to identify any discrepancies in the master data or transactional data related to the object.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the configuration of option rates and related objects.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (to access the SAP Customizing Implementation Guide) or SE11 (to view table entries) to check configurations.
  Tables: Familiarize yourself with relevant tables that store option rates and related data, such as T001 (Company Codes), TKA01 (Cost Center), or others depending on your specific configuration.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.