How To Fix GLE_MCA220 - No rate types found for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 220

• Message text: No rate types found for company code &1

What causes this issue?

The system tried to determine the exchange rate type from MCA
customizing for company code &SYST-MSGV1& which was not successful.

System Response

The process cannot continue.

How to fix this error?

In IMG activity
<DS:SIMG.FAGL_MCA_VPRCCATP>Maintain Parameters for Process Categories
</> , maintain the required exchange rate types for the functional
currency, 1st non-functional currency and 2nd non-functional currency
for process categories MEJ and MES and the MCA variant assigned to
company code &SYST-MSGV1& .

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA220 - No rate types found for company code &1 ?

  The SAP error message GLE_MCA220, which states "No rate types found for company code &1," typically occurs in the context of financial transactions, particularly when dealing with currency conversion or foreign currency valuations. This error indicates that the system cannot find any defined rate types for the specified company code, which is necessary for processing transactions involving different currencies.
  Cause:
  
  Missing Rate Types: The most common cause is that no exchange rate types have been defined for the specified company code in the system.
  Configuration Issues: There may be issues in the configuration settings related to currency translation or valuation.
  Incorrect Company Code: The company code specified in the transaction may not be set up correctly or may not exist in the system.
  Data Inconsistencies: There could be inconsistencies in the master data or configuration that prevent the system from retrieving the necessary rate types.
  
  Solution:
  
  
  Define Rate Types:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Define Rate Types.
  Ensure that the required rate types are defined for the relevant company code.
  
  
  
  Check Configuration:
  
  Verify the configuration settings for currency translation and ensure that the rate types are correctly assigned to the company code.
  Check if the rate types are active and properly maintained.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code in question is correctly set up in the system and that it is active.
  Check if the company code has the necessary settings for currency management.
  
  
  
  Maintain Exchange Rates:
  
  Ensure that exchange rates are maintained for the defined rate types. You can do this by navigating to Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Maintain Exchange Rates.
  
  
  
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 (Maintain Exchange Rates) and SPRO (SAP Customizing Implementation Guide) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Authorizations: Ensure that the user has the necessary authorizations to view and modify currency settings.
  
  By following these steps, you should be able to resolve the GLE_MCA220 error and ensure that the necessary rate types are available for the specified company code.