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. Go to Inventory Valuation work center.
2. Select GR/IR Clearing subview.
3. Click New button and choose GR/IR Clearing Run.
4. Select the Company and Period/Year.
5. Click Start Now button.
6. Once the run is finished, Click Display Log button.
7. Navigate to Messages tab.

The error message is displayed: 'Account determination missing for item type Exchange Rate Differences from Purchasing'.

The cause of the issue is that the G/L Accounts for “Gain from Exchange Rate Differences” and “Loss from Exchange Rate Differences” were not maintained for the respective Account Determination Group for Materials under Charts of Accounts, Financial Reporting Structures , Account Determination.

1. Go to 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 this configuration is maintained, the issue should not recur in subsequent GR/IR Clearing Runs.

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