How To Fix HRTR_REC_WIZ022 - Exchange rate variance of &1 % is too high for company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: HRTR_REC_WIZ - Function Group HRTR_REC_WIZ

• Message number: 022

• Message text: Exchange rate variance of &1 % is too high for company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message HRTR_REC_WIZ022 - Exchange rate variance of &1 % is too high for company code &2 ?

  The SAP error message HRTR_REC_WIZ022 indicates that there is an exchange rate variance that exceeds the acceptable threshold for a specific company code. This error typically arises in the context of payroll processing or financial transactions where currency conversion is involved.
  Cause:
  The error occurs when the exchange rate variance between the original currency and the target currency exceeds a predefined limit set in the system. This can happen due to:
  
  High Fluctuations in Exchange Rates: Sudden changes in currency exchange rates can lead to significant variances.
  Configuration Settings: The tolerance levels for exchange rate variances may be set too low in the system configuration.
  Incorrect Exchange Rate: The exchange rate used for the transaction may be incorrect or not updated.
  Data Entry Errors: Manual entry errors in currency amounts or exchange rates can also lead to this issue.
  
  Solution:
  To resolve the HRTR_REC_WIZ022 error, you can take the following steps:
  
  
  Check Exchange Rate Settings:
  
  Review the exchange rate settings in the system. Ensure that the rates are updated and reflect the current market rates.
  Check the tolerance levels for exchange rate variances in the configuration settings. You may need to adjust these limits to allow for higher variances if they are set too low.
  
  
  
  Review Transaction Data:
  
  Verify the transaction data for any discrepancies in currency amounts or exchange rates.
  Ensure that the correct currency codes are being used and that the amounts are accurate.
  
  
  
  Consult with Finance Team:
  
  If the issue persists, consult with your finance or accounting team to understand the acceptable variance levels for your organization and whether adjustments are necessary.
  
  
  
  Test with Different Scenarios:
  
  If possible, test the payroll or financial transaction with different exchange rates to see if the error is consistently triggered or if it is an isolated incident.
  
  
  
  SAP Notes and Support:
  
  Check for any relevant SAP Notes that may address this specific error or provide guidance on configuration settings.
  If necessary, contact SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (Maintain Exchange Rates) to review and update exchange rates.
  Configuration Path: The configuration for exchange rate tolerances can typically be found under the Financial Accounting (FI) module settings.
  Documentation: Refer to SAP documentation for detailed guidance on handling exchange rates and variances in your specific version of SAP.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.