3112720 - Exchange Rate ABC/XYZ on DD.MM.YYYY Missing for Currency Conversion

You have an Invoice Request which is showing as Inconsistent due to the following error: Exchange Rate ABC/XYZ on DD.MM.YYYY Missing for Currency Conversion.

SAP Business ByDesign

In this example we will use ABC as the source currency and XYZ as the target currency.

1. Go to the Customer Invoicing work center.
2. Select the Invoice Requests view.
3. Search for the ID.
4. Click Check.
5. Error: Exchange Rate ABC/XYZ on DD.MM.YYYY 2021 Missing for Currency Conversion.

The error is expected by the Tax Engine.

In the Tax Engine, the system performs a conversion between target currency and source country default currency, and since this conversion rate is not valid, the error will show.

Even though the currency is maintained for the company under the Org Structure view of the Organization Management work center, the system will always consider the country default currency if there is a Tax Return.

Example:

You have set the company FGH (FGH represents the ID of the company) to have USD as the default currency, however, the company is located in Ireland.

Since there is a Tax Return involved in the scenario, the system will consider EURO as the country default currency and not USD maintained for the company FGH.

This is the system expected behavior.

To correct this, please go to:

1. General Ledger work center.
2. Select Exchange Rates from the Common Tasks.
3. Enter a new conversion rate.

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Exchance Rate, Rate, Missing, Currency Conversion, Tax Return, Currency, Default , KBA , AP-CI-CI , Customer Invoice , How To