How To Fix M8_2042 - Exchange rate and currency copied from contract &1

SAP Error Message - Details

• Message type: E = Error

• Message class: M8_2 - Logistics Invoice Verification

• Message number: 042

• Message text: Exchange rate and currency copied from contract &1

What causes this issue?

A fixed exchange rate has been defined in the entered contract. For this
reason, you can only use the currency and exchange rate agreed in the
contract when posting.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

If you see this message on the initial screen:
The system has overwritten the currency and exchange rate with the
agreed currency and exchange rate from the contract. You cannot make
changes.
If you see this message after choosing <LS>New Item</> -> <LS>Contract
</>:
Since you can no longer change the exchange rate during processing, this
contract cannot be selected for this document. You must cancel selection
and process the invoice item for this contract separately in its own
document.

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 M8_2042 - Exchange rate and currency copied from contract &1 ?

  The SAP error message M8_2042 typically occurs in the context of materials management or purchasing when there is an issue with the exchange rate or currency settings copied from a contract. This error indicates that the exchange rate or currency used in the transaction does not match the expected values based on the contract.
  Cause:
  
  Currency Mismatch: The currency in the contract does not match the currency in the purchase order or other related documents.
  Exchange Rate Issues: The exchange rate for the currency pair may not be maintained in the system for the relevant date.
  Contract Validity: The contract may not be valid for the date of the transaction, leading to discrepancies in currency or exchange rates.
  Configuration Issues: There may be configuration issues in the currency settings or exchange rate types in the SAP system.
  
  Solution:
  
  
  Check Currency Settings:
  
  Verify that the currency in the contract matches the currency in the purchase order or transaction.
  If there is a mismatch, adjust the currency in the relevant document.
  
  
  
  Review Exchange Rates:
  
  Check if the exchange rate for the relevant currency pair is maintained in the system.
  Go to the transaction code OB08 to view and maintain exchange rates. Ensure that the rates are valid for the date of the transaction.
  
  
  
  Validate Contract:
  
  Ensure that the contract is still valid and has not expired.
  Check the validity dates of the contract and ensure that the transaction date falls within this range.
  
  
  
  Configuration Check:
  
  Review the configuration settings for currencies and exchange rates in the SAP system.
  Ensure that the correct exchange rate type is being used for the transaction.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further insights into the specific error message and its implications.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08 (Maintain Exchange Rates)
  ME23N (Display Purchase Order)
  ME31K (Create Contract)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  
  
  User Roles: Ensure that the user has the necessary permissions to view and edit contracts and exchange rates.
  
  
  By following these steps, you should be able to identify and resolve the issue related to the M8_2042 error message in SAP.