How To Fix GMCUSTOM010 - Entered exchange rate & differs from the one in the system.

SAP Error Message - Details

• Message type: E = Error

• Message class: GMCUSTOM - Customizable Messages for Grants Management

• Message number: 010

• Message text: Entered exchange rate & differs from the one in the system.

What causes this issue?

You are running the currency revaluation program in Grants Management
(GM). You entered an exchange rate different than the one in the system
table TCURR. By default, this is not allowed because, in the subsequent
postings, GM uses use the one you just entered, but other modules such
as Financial Accounting use the system one. This leads to
inconsistencies.

System Response

The transaction cannot continue.

How to fix this error?

If you really want to use an exchange rate other than the one in the
system table, you can change this message type in table T100C to type
WARNING. Otherwise, enter an exchange rate which is the same as the
system one.

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 GMCUSTOM010 - Entered exchange rate & differs from the one in the system. ?

  The SAP error message GMCUSTOM010 indicates that the exchange rate you have entered does not match the exchange rate stored in the system for the specified currency pair. This error typically occurs during transactions that involve currency conversion, such as when entering invoices, payments, or other financial documents.
  Cause:
  
  Manual Entry Error: The user may have manually entered an exchange rate that is incorrect or outdated.
  Exchange Rate Not Updated: The exchange rates in the system may not have been updated to reflect current market rates.
  Different Exchange Rate Types: The system may be using a different exchange rate type (e.g., average rate, spot rate) than what the user is trying to enter.
  Currency Pair Mismatch: The currency pair being used may not have a corresponding exchange rate defined in the system.
  
  Solution:
  
  Verify Exchange Rate: Check the exchange rate you are trying to enter against the current rates in the system. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) to view and update exchange rates.
  Update Exchange Rates: If the exchange rate in the system is outdated, update it to the correct rate. Ensure that you are using the correct exchange rate type.
  Check Currency Pair: Ensure that the currency pair you are working with is correctly defined in the system and that there is an exchange rate available for that pair.
  Use Correct Rate Type: Make sure you are using the correct exchange rate type that corresponds to the transaction you are processing.
  Consult with Finance Team: If you are unsure about the correct exchange rate or how to update it, consult with your finance or accounting team for guidance.
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  
  
  Exchange Rate Types: Familiarize yourself with the different exchange rate types configured in your SAP system (e.g., M for average rate, G for historical rate).
  Documentation: Refer to SAP documentation or help files for more detailed instructions on managing exchange rates and handling currency-related transactions.
  
  By following these steps, you should be able to resolve the GMCUSTOM010 error and ensure that the exchange rates used in your transactions are accurate and up to date.