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

FARR_CONTRACT_MAIN314 - Overview

• 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