How To Fix FINS_ACDOC_CUST087 - Enter exchange rate type for company code &1, currency type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 087

• Message text: Enter exchange rate type for company code &1, currency type &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ACDOC_CUST087 - Enter exchange rate type for company code &1, currency type &2 ?

  The SAP error message FINS_ACDOC_CUST087 indicates that there is a missing exchange rate type for a specific company code and currency type in the system. This error typically occurs during financial transactions that involve currency conversion, such as posting documents or running reports that require exchange rate information.
  Cause:
  The error is caused by the absence of a defined exchange rate type for the specified company code and currency type in the system. This can happen due to:
  
  Configuration Issues: The exchange rate type may not have been set up correctly in the system.
  Missing Data: The exchange rate type may not have been maintained for the specific company code and currency combination.
  Incorrect Transaction Settings: The transaction being executed may require an exchange rate type that is not configured.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Exchange Rate Types:
  
  Go to the SAP transaction code OB08 (Maintain Exchange Rates).
  Verify if the exchange rate type is defined for the relevant company code and currency type.
  
  
  
  Define Exchange Rate Type:
  
  If the exchange rate type is missing, you can create it by:
  
  Going to the transaction code OB07 (Define Exchange Rate Types).
  Ensure that the required exchange rate type is defined and active.
  
  
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate type exists but no rates are maintained, you need to enter the exchange rates for the relevant currency pair using transaction code OB08.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is correctly configured to use the specified exchange rate type. This can be checked in the configuration settings for financial accounting.
  
  
  
  Review Transaction Settings:
  
  If the error occurs during a specific transaction, review the settings of that transaction to ensure it is configured to use the correct exchange rate type.
  
  
  
  Related Information:
  
  Exchange Rate Types: These are used in SAP to define how currency conversions are handled. Common types include "M" for average rates, "B" for bank buying rates, etc.
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Define Exchange Rate Types
  OB22: Define Currency Types
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring exchange rates and types.
  
  By following these steps, you should be able to resolve the error and ensure that the necessary exchange rate information is available for your financial transactions.