How To Fix FARR_CONTRACT_MAIN775 - First Ex. Rate Difference &1 must be zero for Cond. &2 of POB &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 775

• Message text: First Ex. Rate Difference &1 must be zero for Cond. &2 of POB &3

What causes this issue?

Local currency &v1& and transaction currency must have the same amount
because they have the same currency key &v2&.

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

System Response

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN775 - First Ex. Rate Difference &1 must be zero for Cond. &2 of POB &3 ?

  The SAP error message FARR_CONTRACT_MAIN775 typically occurs in the context of contract management, particularly when dealing with foreign currency transactions and condition records in the SAP system. This error indicates that there is a discrepancy in the exchange rate difference for a specific condition type in a Purchase Order (POB).
  Cause:
  The error message is triggered when the system detects that the first exchange rate difference for a specified condition (identified by &2) in a particular Purchase Order (identified by &3) is not zero. This situation can arise due to several reasons, including:
  
  Currency Conversion Issues: The exchange rate used for the transaction may not match the expected rate, leading to a non-zero difference.
  Incorrect Configuration: The condition types or pricing procedures may not be set up correctly in the system.
  Manual Adjustments: Manual changes to pricing conditions or exchange rates that do not align with the expected values.
  Data Entry Errors: Mistakes in entering the currency amounts or rates in the relevant documents.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Exchange Rates: Verify the exchange rates used in the transaction. Ensure that the rates are correctly maintained in the system and that they match the expected values for the transaction date.
  
  
  Review Condition Records: Examine the condition records for the specific condition type (&2) in the Purchase Order (POB &3). Ensure that the values are correct and that there are no discrepancies.
  
  
  Adjust Pricing Conditions: If necessary, adjust the pricing conditions to ensure that the first exchange rate difference is zero. This may involve updating the condition records or modifying the pricing procedure.
  
  
  Consult Configuration: If the issue persists, consult with your SAP configuration team to review the setup of the condition types and pricing procedures. Ensure that they are configured correctly for handling foreign currency transactions.
  
  
  Reprocess the Document: After making the necessary adjustments, reprocess the document to see if the error is resolved.
  
  
  Check for Updates: Ensure that your SAP system is up to date with the latest patches and updates, as there may be bug fixes related to this issue.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as ME23N (Display Purchase Order) or ME22N (Change Purchase Order) to review and modify the relevant documents.
  SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  Documentation: Review SAP documentation related to contract management and foreign currency transactions for best practices and troubleshooting tips.
  
  If the issue continues after following these steps, it may be beneficial to engage with SAP support or your internal SAP team for further assistance.