How To Fix FARR_ACCR_MAIN065 - Error retrieving date for fixed exchange rate with contract &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 065

• Message text: Error retrieving date for fixed exchange rate with contract &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN065 - Error retrieving date for fixed exchange rate with contract &1 ?

  The SAP error message FARR_ACCR_MAIN065 indicates that there is an issue with retrieving the date for a fixed exchange rate associated with a specific contract. This error typically arises in the context of financial accounting and contract management within SAP, particularly when dealing with foreign currency transactions and fixed exchange rates.
  Cause:
  
  Missing Exchange Rate Data: The system may not have the necessary exchange rate data for the specified date or contract.
  Incorrect Contract Configuration: The contract referenced may not be properly configured to use fixed exchange rates.
  Date Issues: The date being referenced may be outside the range of available exchange rates in the system.
  Master Data Issues: There may be issues with the master data related to the currency or the contract itself.
  
  Solution:
  
  Check Exchange Rate Table: Verify that the exchange rates for the relevant currencies are maintained in the system for the required date. You can do this by checking the transaction code OB08 (Maintain Exchange Rates).
  Review Contract Configuration: Ensure that the contract associated with the error is correctly set up to use fixed exchange rates. Check the contract details in the relevant transaction (e.g., FARR for asset accounting).
  Validate Dates: Confirm that the date being used in the transaction is valid and falls within the range of available exchange rates.
  Update Master Data: If there are issues with the master data, such as missing or incorrect currency settings, update the relevant master records.
  Consult Documentation: Review SAP documentation or notes related to the specific error message for any additional troubleshooting steps or patches that may be available.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FARR (for Asset Accounting) and OB08 (for maintaining exchange rates).
  SAP Notes: Check SAP Notes for any known issues or fixes related to this error message. You can search for the error message number in the SAP Support Portal.
  User Authorization: Ensure that you have the necessary authorizations to view and modify exchange rates and contract details.
  Testing: After making changes, perform tests to ensure that the error no longer occurs and that the system behaves as expected.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.