How To Fix REXCRACH042 - Payments with QR IBAN only supported for currency CHF or EUR

SAP Error Message - Details

• Message type: E = Error

• Message class: REXCRACH - Messages Assignment of ISR-Ref. Vendor Invoice to Cash Flow

• Message number: 042

• Message text: Payments with QR IBAN only supported for currency CHF or EUR

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 REXCRACH042 - Payments with QR IBAN only supported for currency CHF or EUR ?

  The SAP error message REXCRACH042 indicates that a payment transaction is being attempted with a QR IBAN (Quick Response International Bank Account Number) that is not in the supported currencies, which are CHF (Swiss Franc) or EUR (Euro). This error typically arises in the context of payment processing, particularly when dealing with QR invoices or payment formats that are specific to certain regions or banking standards.
  Cause:
  
  Currency Mismatch: The payment is being processed in a currency other than CHF or EUR, which is not supported for QR IBAN payments.
  Incorrect Configuration: The system may not be configured correctly to handle QR IBAN payments for other currencies.
  Data Entry Error: There may be an error in the data entry where the currency was incorrectly specified.
  
  Solution:
  
  Check Currency: Ensure that the payment transaction is being processed in either CHF or EUR. If the transaction is in a different currency, you will need to convert it to one of the supported currencies.
  Review Payment Configuration: Verify the configuration settings in SAP for payment processing. Ensure that the settings for QR IBAN payments are correctly set up to only allow CHF or EUR.
  Correct Data Entry: If the currency is supposed to be CHF or EUR, double-check the data entry for any mistakes. Correct any discrepancies in the payment details.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling QR IBAN payments and the supported currencies.
  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:
  
  QR IBAN: This is a standardized format for bank account numbers used in Switzerland and some other countries, designed to facilitate electronic payments.
  Payment Processing in SAP: Familiarize yourself with the payment processing modules in SAP, such as FI (Financial Accounting) and how they handle different payment formats and currencies.
  Currency Configuration: Review how currencies are configured in your SAP system, including exchange rates and currency settings in the company code.
  
  By addressing the currency issue and ensuring proper configuration, you should be able to resolve the error message REXCRACH042 effectively.