How To Fix T4309 - Define a rate type in company code additional data for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: T4 - Time deposit processing

• Message number: 309

• Message text: Define a rate type in company code additional data for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T4309 - Define a rate type in company code additional data for company code &1 ?

  The SAP error message T4309 indicates that there is a missing configuration related to the rate type in the company code's additional data. This error typically arises in the context of financial transactions, particularly when dealing with foreign currency valuations or when setting up pricing conditions.
  Cause:
  The error occurs because the system expects a rate type to be defined for the specified company code, but it has not been set up. Rate types are used in various financial processes, including currency conversion and pricing, and they need to be defined in the system for each company code that requires them.
  Solution:
  To resolve the T4309 error, you need to define a rate type for the specified company code. Here are the steps to do this:
  
  
  Access the Configuration Menu:
  
  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 Rate Types
  
  
  
  
  Define Rate Type:
  
  In the "Define Rate Types" section, you will see a list of existing rate types.
  You can create a new rate type or modify an existing one. Make sure to assign it to the relevant company code.
  Ensure that the rate type is properly configured with the necessary parameters.
  
  
  
  Assign Rate Type to Company Code:
  
  After defining the rate type, you need to assign it to the company code.
  Navigate to the section where you can assign the rate type to the company code and ensure that the newly defined rate type is linked to the correct company code.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Configuration:
  
  After saving, perform a test transaction that previously triggered the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 to maintain exchange rates or OBBS to define rate types directly.
  Documentation: Refer to SAP Help documentation for detailed information on configuring currencies and rate types.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation, as there may be additional underlying issues or dependencies that need to be addressed.