How To Fix GC070 - Exchange rates and resulting translated amounts are incorrect


SAP Error Message - Details

  • Message type: E = Error

  • Message class: GC - Error Messages for Consolidation/Extended General Ledger

  • Message number: 070

  • Message text: Exchange rates and resulting translated amounts are incorrect

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  • Self-Explanatory Message

    Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

    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.

    Unfortunately, there isn't any extra information in this error notice.



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Smart SAP Assistant

  • What is the cause and solution for SAP error message GC070 - Exchange rates and resulting translated amounts are incorrect ?
    The SAP error message GC070 indicates that there is an issue with the exchange rates and the resulting translated amounts in your financial transactions. This error typically arises during the process of currency translation or when posting transactions that involve multiple currencies. Here are the potential causes, solutions, and related information for this error:
    Causes:
    
    
    Incorrect Exchange Rate Configuration: The exchange rates may not be correctly defined in the system. This can happen if the rates are missing, outdated, or incorrectly entered.
    
    
    Currency Translation Settings: The settings for currency translation in the system may not be configured properly, leading to discrepancies in the amounts.
    
    
    Posting Period Issues: The exchange rates may not be valid for the posting period of the transaction. If the rates are set for a different period, the system will not be able to translate the amounts correctly.
    
    
    Data Entry Errors: Manual entry errors in transaction data, such as incorrect currency codes

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