How To Fix SG116 - Do not flag exchange rate type as both buying and selling rate

SAP Error Message - Details

• Message type: E = Error

• Message class: SG - Global Pool for Cross-Application Developments

• Message number: 116

• Message text: Do not flag exchange rate type as both buying and selling rate

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message SG116 - Do not flag exchange rate type as both buying and selling rate ?

  The SAP error message SG116, which states "Do not flag exchange rate type as both buying and selling rate," typically occurs when there is a configuration issue in the exchange rate types within the SAP system. This error indicates that an exchange rate type has been incorrectly set up to be both a buying and selling rate simultaneously, which is not allowed.
  Cause:
  
  Configuration Error: The exchange rate type has been marked as both a buying rate and a selling rate in the configuration settings.
  Duplicate Entries: There may be duplicate entries or incorrect settings in the exchange rate type configuration.
  Data Entry Mistake: During the setup or modification of exchange rate types, a user may have inadvertently selected both options.
  
  Solution:
  To resolve this error, follow these steps:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Currencies -> Define Exchange Rate Types.
  
  
  
  Check Exchange Rate Types:
  
  In the configuration screen, locate the exchange rate type that is causing the error.
  Review the settings for that exchange rate type.
  
  
  
  Modify Settings:
  
  Ensure that the exchange rate type is set correctly. It should be either a buying rate or a selling rate, but not both.
  If it is marked as both, uncheck one of the options (either "Buying" or "Selling").
  
  
  
  Save Changes:
  
  After making the necessary adjustments, save the changes.
  
  
  
  Test the Configuration:
  
  After saving, perform a test transaction that previously triggered the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, exchange rate types are used to define how currency conversions are handled. Each type can be configured for different purposes, such as buying or selling currencies.
  Transaction Codes: You can use transaction codes like OB08 to maintain exchange rates directly, but ensure that the exchange rate types are correctly configured first.
  Documentation: Refer to SAP documentation or help files for more detailed information on configuring exchange rate types and understanding their implications in financial transactions.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional consultant for further investigation.