How To Fix F5062 - Exchange rate diff.accts are not defined for account & currency &

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 062

• Message text: Exchange rate diff.accts are not defined for account & currency &

What causes this issue?

The accounts for posting the exchange rate differences could not be
determined. For the specified G/L account and the specified currency
key, no corresponding exchange rate difference accounts were determined.

System Response

The system cannot generate the exchange rate difference posting.

How to fix this error?

By pressing ENTER, you achieve that the document is reset to a status
without automatic posting. In another window, you can complete the
default settings for exchange rate differences and post the document
afterwards.

<DS:TRAN.OB09>Proceed</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5062 - Exchange rate diff.accts are not defined for account & currency & ?

  The SAP error message F5062, which states "Exchange rate diff.accts are not defined for account & currency &," typically occurs when there is an attempt to post a transaction that involves foreign currency exchange rates, but the system cannot find the necessary configuration for exchange rate difference accounts for the specified account and currency.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the exchange rate difference accounts have not been defined in the system for the specific G/L account and currency combination being used in the transaction.
  Incorrect Account Settings: The G/L account may not be set up to handle exchange rate differences, or the currency settings may not be properly configured.
  Transaction Type: The type of transaction being processed may require exchange rate difference accounts that have not been set up.
  
  
  Solution:
  To resolve this error, you need to ensure that the exchange rate difference accounts are properly configured in the system.