How To Fix IHC248 - External rate types are used for external payments

IHC248 - Overview

• Message type: E = Error

• Message class: IHC - IHC Messages

• Message number: 248

• Message text: External rate types are used for external payments

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message IHC248 - External rate types are used for external payments ?

  The SAP error message IHC248, which states "External rate types are used for external payments," typically occurs in the context of the SAP Intercompany Financial Management (IHC) module. This error indicates that there is an issue with the configuration of external payment processing, particularly regarding the use of external rate types.
  
  Cause:
  
  Incorrect Configuration: The error often arises when the system is configured to use external rate types for payments that should be processed internally. This can happen if the settings for currency conversion or payment processing are not aligned with the intended use of external rates.
  Missing or Incorrect Rate Type: The rate type defined for the payment may not be appropriate for the transaction, leading to the system rejecting the payment.
  Transaction Type Mismatch: The transaction type being processed may not support the external rate type being used.
  
  
  Solution:
  
  
  Check Configuration: Review the configuration settings in the SAP system for the IHC module. Ensure