How To Fix FARR_CONTRACT_MAIN307 - Failed to get Ex. Rate with act. rate when transferring rev. of POB &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 307

• Message text: Failed to get Ex. Rate with act. rate when transferring rev. of POB &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN307 - Failed to get Ex. Rate with act. rate when transferring rev. of POB &1 ?

  The SAP error message FARR_CONTRACT_MAIN307 indicates that there was a failure in retrieving the exchange rate with the actual rate when transferring revenue for a specific Profitability Object (POB). This error typically occurs in the context of financial transactions, particularly in the area of contract accounting or revenue recognition.
  Cause:
  
  Missing Exchange Rate: The most common cause of this error is that there is no exchange rate defined for the currency pair involved in the transaction for the relevant date.
  Incorrect Configuration: The configuration settings for currency translation or exchange rate types may not be set up correctly.
  Date Issues: The date of the transaction may not fall within the valid range of exchange rates defined in the system.
  Currency Mismatch: There may be a mismatch between the currencies used in the transaction and those for which exchange rates are available.
  Data Inconsistencies: There could be inconsistencies in the data being processed, such as missing or incorrect entries in the relevant tables.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rate for the relevant currency pair exists for the date of the transaction.
  If it does not exist, you may need to enter the appropriate exchange rate.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for currency translation is correctly set up in the system. This includes checking the exchange rate types and their assignment.
  
  
  
  Validate Transaction Dates:
  
  Check the date of the transaction and ensure it falls within the range of valid exchange rates. If necessary, adjust the transaction date or add the required exchange rate.
  
  
  
  Check Currency Settings:
  
  Verify that the currencies used in the transaction are correctly defined and that there are no discrepancies in the currency settings.
  
  
  
  Data Consistency:
  
  Review the data being processed for any inconsistencies or errors. This may involve checking the relevant tables and ensuring that all necessary data is present and correct.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or support notes related to this error message for additional guidance and troubleshooting steps.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FBL1N (Vendor Line Items), and FBL3N (G/L Account Line Items) for further investigation.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If the issue persists after following the above steps, 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 the necessary solutions to resolve it.