How To Fix GJ479 - Missing Exchange Account for Account &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GJ - Joint Venture Accounting

• Message number: 479

• Message text: Missing Exchange Account for Account &1

What causes this issue?

For account &V1& (chart of accounts &V2&) no exchange difference
account has been maintained. The current company code is &V3&, the
function code is &V4&.

System Response

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

How to fix this error?

Please maintain exchange difference accounts.
<DS:TRAN.GJ56>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GJ479 - Missing Exchange Account for Account &1 ?

  The SAP error message GJ479, which states "Missing Exchange Account for Account &1," typically occurs in the context of managing foreign currency transactions in SAP. This error indicates that there is no exchange account defined for the specified account, which is necessary for processing transactions involving foreign currencies.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the exchange account has not been defined for the specified account in the system. This can happen if the account is newly created or if the configuration was not completed properly.
  Incorrect Account Assignment: The account in question may not be set up to handle foreign currency transactions, or it may not be linked to the appropriate exchange rate accounts.
  Data Entry Errors: There may be a mistake in the account number or other related data that leads to the system not being able to find the corresponding exchange account.
  
  Solution:
  To resolve the GJ479 error, you can follow these steps:
  
  
  Check Account Configuration:
  
  Go to the configuration settings for the account in question. This can typically be done through the transaction code OBY6 (for defining exchange accounts).
  Ensure that the exchange account is properly defined for the account number specified in the error message.
  
  
  
  Define Exchange Accounts:
  
  If the exchange account is missing, you will need to create it. This can be done in the configuration settings under Financial Accounting (FI) > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Creation.
  Make sure to assign the correct exchange account to the relevant G/L account.
  
  
  
  Review Account Type:
  
  Ensure that the account type is appropriate for foreign currency transactions. For example, certain account types may not support currency conversion.
  
  
  
  Check for Data Entry Errors:
  
  Verify that the account number entered in the transaction is correct and corresponds to an existing account in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for defining exchange accounts, FS00 for G/L account master data, and OBD2 for defining account types.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  Testing: After making changes, perform a test transaction to ensure that the error has been resolved and that the system processes foreign currency transactions correctly.
  
  By following these steps, you should be able to resolve the GJ479 error and ensure that your SAP system is configured correctly for handling foreign currency transactions.