How To Fix FARR_CONTRACT_MAIN314 - Error obtaining account of ExRateDifCost for contract &1, ref. account &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 314

• Message text: Error obtaining account of ExRateDifCost for contract &1, ref. account &2

What causes this issue?

The system cannot obtain the accounts of exchange rate difference for
cost when making cost postings for revenue accounting contract &V1&.
This may be caused by incorrect configurations for reference account
&V2& in Customizing.

System Response

Processing of contract was stopped.

How to fix this error?

Make sure that the accounts of exchange rate difference are correctly
configured in <DS:SIMG.SIMG_CFMENUORFBOBA1>Customizing</>.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN314 - Error obtaining account of ExRateDifCost for contract &1, ref. account &2 ?

  The SAP error message FARR_CONTRACT_MAIN314 typically occurs in the context of contract accounting, particularly when dealing with foreign currency transactions and exchange rate differences. This error indicates that the system is unable to obtain the account for the exchange rate difference cost for a specific contract and reference account.
  Cause:
  
  Missing Configuration: The error often arises due to missing or incorrect configuration in the Financial Accounting (FI) or Contract Accounts Receivable and Payable (FI-CA) settings. Specifically, the account for exchange rate differences may not be defined in the system.
  Incorrect Account Assignment: The reference account specified in the error message may not be correctly assigned or may not exist in the system.
  Currency Settings: There may be issues with the currency settings for the contract or the accounts involved, leading to discrepancies in how exchange rate differences are handled.
  Master Data Issues: The master data for the contract or the accounts may be incomplete or incorrectly maintained.
  
  Solution:
  
  
  Check Account Configuration:
  
  Navigate to the configuration settings for exchange rate differences in the SAP system.
  Ensure that the relevant accounts for exchange rate differences are correctly defined in the system. This can typically be done in the transaction code OBY6 (for defining accounts for exchange rate differences).
  
  
  
  Verify Reference Account:
  
  Check the reference account mentioned in the error message to ensure it exists and is correctly configured.
  Use transaction code FS00 to view the account details and ensure it is active and properly set up.
  
  
  
  Review Contract Settings:
  
  Review the contract settings to ensure that all necessary fields are filled out correctly, especially those related to currency and account assignments.
  Use transaction code FARR to access contract management and verify the details.
  
  
  
  Check Currency Configuration:
  
  Ensure that the currency settings for the contract and the accounts are consistent and correctly configured.
  Check the currency types and exchange rate types being used.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to contract accounting and exchange rate differences for any specific guidance or known issues.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Configuration for exchange rate differences.
  FS00: Display/Change G/L Account Master Data.
  FARR: Contract Accounts Receivable and Payable management.
  
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message. You can search for the error message number in the SAP Support Portal.
  
  
  User Forums: Consider checking SAP community forums or user groups for similar issues and solutions shared by other users.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP FI-CA for further assistance.