How To Fix AP_COPY003 - Exchange rate type missing in plan or budget profile &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AP_COPY - Copying Function for Plan/Budget

• Message number: 003

• Message text: Exchange rate type missing in plan or budget profile &1

What causes this issue?

You want to translate the currency for overall values (plan or budget).
The system needs the exchange rate type from plan profile or budget
profile &V1& for this. However, this profile does not contain an
exchange rate type.

System Response

The currency translation cannot be performed.

How to fix this error?

Enter an appropriate exchange rate type in plan profile or budget
profile &V1&.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AP_COPY003 - Exchange rate type missing in plan or budget profile &1 ?

  The SAP error message AP_COPY003, which states "Exchange rate type missing in plan or budget profile &1," typically occurs when there is an attempt to copy or transfer data related to planning or budgeting, and the specified exchange rate type is not defined in the relevant planning or budget profile.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type that is required for the planning or budgeting process is not defined in the specified profile.
  Incorrect Profile Configuration: The budget or planning profile may not be correctly configured to include the necessary exchange rate types.
  Data Entry Error: There may be a typographical error in the profile name or the exchange rate type being referenced.
  
  Solution:
  
  
  Check Profile Configuration:
  
  Go to the relevant configuration settings in SAP (Transaction Code: OX19 for defining exchange rate types).
  Verify that the exchange rate type is defined in the budget or planning profile specified in the error message.
  
  
  
  Define Exchange Rate Type:
  
  If the exchange rate type is missing, you will need to define it. This can be done in the configuration settings for the planning or budgeting profile.
  Ensure that the exchange rate type is correctly assigned to the profile.
  
  
  
  Review Data Entry:
  
  Double-check the profile name and the exchange rate type being used in the transaction that triggered the error. Ensure there are no typographical errors.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions on how to configure exchange rate types in planning and budgeting profiles.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data entry, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OX19 (for defining exchange rate types) and OMPA (for planning profiles).
  Exchange Rate Types: Understand the different exchange rate types available in SAP and their purposes (e.g., spot rates, average rates).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  
  By following these steps, you should be able to resolve the AP_COPY003 error and ensure that the necessary exchange rate types are correctly configured in your SAP system.