How To Fix C+305 - Exchange rate type & not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: C+ -

• Message number: 305

• Message text: Exchange rate type & not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message C+305 - Exchange rate type & not defined ?

  The SAP error message C+305 indicates that the specified exchange rate type is not defined in the system. This error typically occurs when you are trying to perform a transaction that involves currency conversion, and the system cannot find the necessary exchange rate type in its configuration.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type you are trying to use has not been defined in the system.
  Incorrect Configuration: The exchange rate type may be incorrectly configured or not assigned to the relevant currency pair.
  Transaction Context: The error may arise in specific transactions where the exchange rate type is required but not available.
  
  Solution:
  To resolve the C+305 error, you can follow these steps:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate type you are trying to use is listed. If it is not, you will need to create it.
  
  
  
  Define Exchange Rate Type:
  
  If the exchange rate type is missing, you can define it by going to OB07 (Define Exchange Rate Types).
  Create a new exchange rate type if necessary, ensuring that it is properly configured.
  
  
  
  Assign Exchange Rate Type:
  
  Ensure that the exchange rate type is assigned to the relevant currency pair. You can do this in the same transaction (OB08) by entering the currency pair and the exchange rate type.
  
  
  
  Check Configuration:
  
  Verify that the exchange rate type is correctly configured in the system settings. This includes checking the settings in the relevant modules (e.g., FI, CO) where the exchange rate type is used.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Exchange Rate Types: These are used in SAP to define how currency conversions are handled. Common exchange rate types include M (average rate), B (bank buying rate), and G (bank selling rate).
  Currency Configuration: Proper configuration of currencies and exchange rates is crucial for financial transactions in SAP.
  Documentation: Refer to SAP Help documentation for detailed information on configuring exchange rates and types.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Finance team for further investigation, as there may be additional configuration or authorization issues at play.