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

FARR_CONTRACT_MAIN307 - Overview

• 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