How To Fix IVE_E_INVOICE050 - Exchange rate must contain local currency &1 and document currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: IVE_E_INVOICE - Message class for IVE_E invoice services

• Message number: 050

• Message text: Exchange rate must contain local currency &1 and document currency &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message IVE_E_INVOICE050 - Exchange rate must contain local currency &1 and document currency &2 ?

  The SAP error message IVE_E_INVOICE050 indicates that there is an issue with the exchange rate in the invoice processing. Specifically, it states that the exchange rate must include both the local currency and the document currency. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Exchange Rate: The exchange rate between the local currency and the document currency is not defined in the system for the date of the transaction.
  Incorrect Currency Configuration: The currencies used in the invoice may not be properly configured in the system, leading to a mismatch.
  Date Issues: The exchange rate may not be valid for the date of the transaction, which can happen if the rate is not maintained for that specific date.
  Currency Pair Not Defined: The currency pair (local currency and document currency) may not be defined in the system.
  
  Solutions:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rate for the local currency and document currency is maintained for the relevant date.
  If it is missing, you will need to enter the correct exchange rate.
  
  
  
  Verify Currency Configuration:
  
  Ensure that both the local currency and document currency are correctly set up in the system. Check the configuration in SPRO under Financial Accounting settings.
  
  
  
  Review Document Date:
  
  Ensure that the document date of the invoice falls within the range of valid exchange rates. If the document date is outside the range, you may need to adjust the date or maintain the exchange rate for that date.
  
  
  
  Check Currency Pair:
  
  Ensure that the currency pair (local currency and document currency) is defined in the system. If not, you may need to create the necessary entries.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct exchange rates or currency configurations, consult with your finance or accounting team to ensure compliance with financial regulations and practices.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  SPRO: Access to SAP Customizing Implementation Guide
  
  
  Documentation: Refer to SAP Help documentation for detailed information on currency settings and exchange rate maintenance.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and currency handling in your version of SAP.
  
  By following these steps, you should be able to resolve the error message and ensure that the exchange rates are correctly configured for your invoices.