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

SG116 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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.

Unfortunately, there isn't any extra information in this error notice.

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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)