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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Default rate type not ...
Microsoft Dynamics GP (Archived)

Default rate type not assigned to an exchange table for selected currency

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Posted on by Nana-Yaw 280

I am trying to make a purchasing order entry, and when i select the creditor id this error pops up: Default rate type not assigned to an exchange table for the selected currency. Do you want to continue. When i click to continue it tells me i don't have the security permission. Please assist

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  • Community Member Profile Picture
    Community Member on at

    Hi - your user ID does not have security permission to open the relevant maintenance window to complete the Multicurrency setup.

    To open the maintenance window, click on Microsoft dynamics GP >>Tools >> Setup >> Financial >> Rate Types. In here you need to select in turn each of the FX Tables assigned to the company you are logged into. As each table is selected, on the bottom left of this window are the Rate Types that have been set up. For simplicity - insert all available rate types into the right hand box.

    If you can't open this window -i,e. you get a message saying you don't have permission - then you need to get the system administrator to log in and do this for you - or ask them to grant you security to this window.

    Ian.

  • Verified answer
    Nana-Yaw Profile Picture
    Nana-Yaw 280 on at

    Thanks a lot Ian for the rapid response to my issue. Yes that is what is done each Monday morning of every week. We put in new exchange rates and it works fine when we want to raise purchasing Orders. All the rates have been put in but when you select a particular creditor name during a purchasing order then the error pops up. Hope there is something that can be done to resolve this issue.

  • Community Member Profile Picture
    Community Member on at

    Hi - I believe you have misunderstood my post above. What you seem to be describing is adding FX RATES to the Exchange tables - my post above describes a once off set up step that is required - adding rate TYPES to the FX tables.

    If it is only happening with one creditor - then the Rate Type assigned to this creditor is different from the other creditors. Open a creditor that works - click on the Options button and check what Rate Type is assigned to this creditor. Then you could assign the same Rate Type to the problem creditor. This should resolve the problem - and you probably have security rights to edit a Creditor record so you won't need administrator help?

    If you don't have security rights - then you will need an administrators help with this. Either change this one creditors rate type...or change the set up as per my original post so that all potential Rate Types will work.

    Best regards,

    Ian.

  • Nana-Yaw Profile Picture
    Nana-Yaw 280 on at

    Hello -  Thank you very much for the clarification given above. i understand your directions now. As per your first reply i found out that, under Tools >> Setup >> Financial >> Rate types the default currency had been removed from the "Selected rate types column".  I think  a user who had access mistakenly removed it. Once i added it, everything is back to normal and we are able to raise PO without the error popping up. Thanks a lot for your input. It really helped me resolve this. I am grateful.....

  • Community Member Profile Picture
    Community Member on at

    Good stuff - glad its sorted.

    Ian.

  • Community Member Profile Picture
    Community Member on at

    Hi - I have done all setup listed, but still getting default currency not assigned error.  I am trying to enter AP invoice in different currency, company functional currency is GBP.  It works in our test environment, but not in production, what else could be the issue.

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