2216433 - Error Message: 'Account determination missing for item type Exchange Rate Differences from Purchasing'

When running the GR/IR Clearing run, system throws the error message: Account determination missing for item type Exchange Rate Differences from Purchasing.

SAP Business ByDesign

1. In the Inventory Valuation work center, choose GR/IR Clearing subview.
2. Click New button and choose GR/IR Clearing Run.
3. Choose the Company and Period/Year.
4. Click Start Now button.
5. After finished the Run, click Display Log button.
6. Click Messages tab.

There you will see the error message: Account determination missing for item type Exchange Rate Differences from Purchasing.

The root cause of the issue is that the user did not maintain G/L Accounts for 'Gain from Exchange Rate Differences' and 'Loss from Exchange Rate Differences' for respective Account Determination Group for Materials under the activity Charts of Accounts, Financial Reporting Structures, Account Determination.

1. In the Business Configuration work center, choose Overview view.
2. Search and open the activity Charts of Accounts, Financial Reporting Structures, Account Determination.
3. Click Change immediately.
4. Under Account Determination, choose Inventories.
5. Select tab Differences and click Add Row.
6. Enter the respective Account Determination Group for Materials and G/L Accounts for 'Gain from Exchange Rate Differences' and 'Loss from Exchange Rate Differences' 
7. Save the changes.

After that, the issue should not recur in a new GR/IR Clearing Run.

GR/IR clearing run; gr/ir; exchange rate differences; purchasing; material; inventories , KBA , SRD-FIN-INV , Inventory , How To