How To Fix FARR_CONTRACT_MAIN387 - There are exchange rate difference need to be reposted.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 387

• Message text: There are exchange rate difference need to be reposted.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN387 - There are exchange rate difference need to be reposted. ?

  The SAP error message FARR_CONTRACT_MAIN387 indicates that there are exchange rate differences that need to be reposted in the context of contract accounting, particularly in the area of asset accounting or financial accounting. This error typically arises when there are discrepancies in the exchange rates used for transactions involving foreign currency.
  Cause:
  
  Exchange Rate Fluctuations: The primary cause of this error is the fluctuation in exchange rates between the time a transaction is recorded and the time it is settled or reported.
  Currency Revaluation: If the currency revaluation process has not been executed properly, it can lead to discrepancies in the reported values.
  Incorrect Configuration: There may be issues with the configuration of the currency settings in the system, such as missing or incorrect exchange rate types.
  Unposted Transactions: There may be unposted transactions that have not been accounted for, leading to differences in the expected and actual amounts.
  
  Solution:
  
  
  Repost Exchange Rate Differences:
  
  Navigate to the relevant transaction in SAP where you can repost the exchange rate differences. This is typically done through the transaction code F.05 (Foreign Currency Valuation).
  Execute the valuation run to identify and repost the exchange rate differences.
  
  
  
  Check Exchange Rate Settings:
  
  Ensure that the exchange rate types are correctly configured in the system. You can check this in the transaction code OB08 (Maintain Exchange Rates).
  Verify that the exchange rates are up to date and reflect the current market rates.
  
  
  
  Run Currency Revaluation:
  
  If applicable, run the currency revaluation process to adjust the values of open items and ensure that they reflect the current exchange rates.
  
  
  
  Review Open Items:
  
  Check for any open items in the relevant accounts that may need to be cleared or adjusted. This can be done using transaction codes like FBL1N (Vendor Line Item Display) or FBL3N (G/L Account Line Item Display).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to this error message for any specific guidance or patches that may address the issue.
  
  
  
  Contact SAP Support:
  
  If the issue persists after trying the above solutions, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as F.05, OB08, FBL1N, and FBL3N for managing exchange rates and reviewing line items.
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to perform the required actions in the system.
  
  By following these steps, you should be able to resolve the error message FARR_CONTRACT_MAIN387 and ensure that your exchange rate differences are properly accounted for.