How To Fix FG016 - No document type defined for clearing exchange rate differences

FG016 - Overview

• Message type: E = Error

• Message class: FG - Program Error Messages

• Message number: 016

• Message text: No document type defined for clearing exchange rate differences

What causes this issue?

No document type for clearing documents of the exchange rate
differences was found for the account type "&v2&".

System Response

No clearing documents can be created.

How to fix this error?

Please check the default setting in FI Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FG016 - No document type defined for clearing exchange rate differences ?

  The SAP error message FG016, which states "No document type defined for clearing exchange rate differences," typically occurs in the context of financial transactions involving foreign currency. This error indicates that the system cannot find a document type that is configured to handle the clearing of exchange rate differences.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the necessary configuration for document types related to clearing exchange rate differences has not been set up in the system.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration of the financial accounting module, particularly in the area of currency translation and exchange rate differences.
  Document Type Not Defined: The specific document type required for processing exchange rate differences has not been defined in the system.
  
  
  Solution:
  To resolve the FG016 error, you can follow these steps:
  
  
  Check Document Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial