How To Fix FARR_CONTRACT_MAIN373 - Error retrieving fixed exchange rate with contract &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 373

• Message text: Error retrieving 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_CONTRACT_MAIN373 - Error retrieving fixed exchange rate with contract &1 ?

  The SAP error message FARR_CONTRACT_MAIN373 indicates that there is an issue with retrieving the fixed exchange rate associated with a specific contract in the SAP system. This error typically occurs in the context of contract management, particularly in the area of financial accounting and reporting.
  Cause:
  The error can be caused by several factors, including:
  
  Missing Exchange Rate: The fixed exchange rate for the specified contract may not be defined in the system.
  Incorrect Contract Number: The contract number (&1) provided in the error message may be incorrect or does not exist in the system.
  Configuration Issues: There may be configuration issues in the system related to currency settings or exchange rate types.
  Data Inconsistencies: There could be inconsistencies in the data related to the contract or the exchange rates in the database.
  Authorization Issues: The user may not have the necessary authorizations to access the exchange rate data.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Check Contract Number: Verify that the contract number provided in the error message is correct and exists in the system.
  Define Exchange Rate: Ensure that the fixed exchange rate for the relevant currency pair is defined in the system. You can do this by:
  
  Navigating to the transaction code OB08 (Maintain Exchange Rates) and checking if the required exchange rate is available.
  If not, you may need to create or update the exchange rate.
  
  
  Review Configuration: Check the configuration settings related to currency and exchange rates in the SAP system. Ensure that the exchange rate type used in the contract is correctly configured.
  Data Consistency Check: Run data consistency checks to identify any inconsistencies in the contract or exchange rate data.
  User Authorizations: Ensure that the user has the necessary authorizations to access the exchange rate data. You may need to consult with your SAP security team if there are authorization issues.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain Exchange Rates
  FBL1N: Vendor Line Item Display (to check related vendor contracts)
  FBL3N: G/L Account Line Item Display (to check related G/L accounts)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Review SAP documentation related to contract management and exchange rate handling for further insights.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.