How To Fix FARR_CONTRACT_MAIN431 - Ex. Rate for local currency is empty on contract &1 for initial load

FARR_CONTRACT_MAIN431 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 431

• Message text: Ex. Rate for local currency is empty on contract &1 for initial load

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN431 - Ex. Rate for local currency is empty on contract &1 for initial load ?

  The SAP error message FARR_CONTRACT_MAIN431 indicates that there is an issue with the exchange rate for the local currency in a contract during an initial load process. This typically occurs in the context of financial contracts, such as leasing or asset management, where currency conversion is necessary.
  
  Cause:
  The error arises when the system attempts to process a contract (identified by &1) and finds that the exchange rate for the local currency is missing or not defined. This can happen due to several reasons:
  
  Missing Exchange Rate Configuration: The exchange rate for the local currency may not have been set up in the system.
  Incorrect Date: The exchange rate might not be valid for the date of the contract or the date of the initial load.
  Data Migration Issues: If this error occurs during a data migration or initial load, it may indicate that the data being loaded does not have the necessary exchange rate