How To Fix FKKEXR002 - The function for altern. exchange rates was not activated in Customizing.

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKEXR - FI-CA: Exchange Rates, Currencies

• Message number: 002

• Message text: The function for altern. exchange rates was not activated in Customizing.

What causes this issue?

You have specified an alternative exchange rate for a tax item.

System Response

An alternative rate is only taken into account if the following path has
been activated in Customizing for the relevant company code under <ZK>
Contract Accounts Receivable and Payable | Organizational units | Set
U[ Company Code for Contract Accounts Receivable and Payable</>.

How to fix this error?

Check if the entry of the rate is correct and activate the function in
Customizing if need be.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKKEXR002 - The function for altern. exchange rates was not activated in Customizing. ?

  The SAP error message FKKEXR002 indicates that the function for alternative exchange rates has not been activated in the system's customizing settings. This error typically arises in the context of financial transactions where alternative exchange rates are required, such as in the case of foreign currency transactions.
  Cause:
  The primary cause of this error is that the necessary configuration for alternative exchange rates has not been set up in the SAP system. This can happen if:
  
  The relevant customizing settings have not been activated.
  The system is not configured to handle alternative exchange rates for the specific transaction or module you are working with.
  
  Solution:
  To resolve the error FKKEXR002, you need to activate the function for alternative exchange rates in the SAP customizing settings. Here are the steps to do this:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen.
  Enter transaction code SPRO to access the SAP Reference IMG.
  
  
  
  Navigate to the Relevant Path:
  
  Follow the path: Financial Accounting (New) -> Accounts Receivable and Accounts Payable -> Basic Settings -> Alternative Exchange Rates.
  
  
  
  Activate Alternative Exchange Rates:
  
  Look for the option to activate the alternative exchange rates.
  Ensure that the necessary settings are configured according to your business requirements.
  
  
  
  Check Exchange Rate Types:
  
  Ensure that the exchange rate types you want to use for alternative exchange rates are defined and activated.
  You can check this under Financial Accounting (New) -> Financial Accounting Global Settings -> Currencies -> Define Exchange Rate Types.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Configuration:
  
  After activating the function, perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring alternative exchange rates.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (to maintain exchange rates) and OB22 (to define exchange rate types).
  User Roles: Ensure that you have the necessary authorizations to make changes in the customizing settings.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the error and successfully activate the function for alternative exchange rates in your SAP system.