How To Fix TPM_TRG033 - No rate type exists for Accounting code &1 and valuation area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRG - Treasury Position Management: Cross-Package Messages

• Message number: 033

• Message text: No rate type exists for Accounting code &1 and valuation area &2

What causes this issue?

Each valuation area is managed in a separate currency per accounting
code. Therefore, translations must be made to this currency. The
necessary rate type is not defined in the system.

System Response

The activity is terminated.

How to fix this error?

In the IMG activity 'Assign Accounting Codes and Valuation Areas',
define a rate type for the translation to valuation currency.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_TRG033 - No rate type exists for Accounting code &1 and valuation area &2 ?

  The SAP error message TPM_TRG033 indicates that there is no rate type defined for a specific accounting code and valuation area in the context of Treasury and Risk Management (TRM) or Financial Instruments Management (FIM). This error typically arises when the system is trying to process a transaction that requires a specific rate type, but it cannot find the necessary configuration.
  Cause:
  
  Missing Rate Type Configuration: The primary cause of this error is that the required rate type has not been defined in the system for the specified accounting code and valuation area.
  Incorrect Valuation Area: The valuation area specified in the transaction may not be correctly set up or may not correspond to the accounting code being used.
  Data Entry Errors: There may be a mistake in the data entry, such as using an incorrect accounting code or valuation area.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Rate Type Configuration:
  
  Go to the transaction code OB08 (or the relevant configuration transaction) to check the exchange rate types.
  Ensure that the required rate type is defined for the specific accounting code and valuation area.
  
  
  
  Define Missing Rate Type:
  
  If the rate type is missing, you will need to create it. This can typically be done in the configuration settings under Financial Accounting (FI) or Treasury Management.
  Navigate to the relevant configuration path to define the rate type for the accounting code and valuation area.
  
  
  
  Verify Valuation Area:
  
  Ensure that the valuation area is correctly set up in the system. You can check this in the configuration settings for the relevant module (e.g., Treasury Management).
  Make sure that the valuation area corresponds to the accounting code being used in the transaction.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data for any errors. Ensure that the accounting code and valuation area are entered correctly.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for maintaining exchange rates) and OBA3 (for maintaining account determination).
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the TPM_TRG033 error and ensure that the necessary rate types are correctly configured in your SAP system.