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Finance forum
Answered

default exchange rate type

Posted on by

Posting journal in EUR I receive message:

  1. The default exchange rate type has not been specified for ledger xxx, and is required to retrieve exchange rate information.

Where I can configure default exchange rate?

  • Suggested answer
    RE: default exchange rate type

    Hi,

    Please verify the set ups on the Ledger form and also the exchange rate defined on the currencies form.

    Thanks,

    Sheela

  • Verified answer
    saurabh bharti Profile Picture
    saurabh bharti 15,032 Super User 2024 Season 2 on at
    RE: default exchange rate type

    You can check following:

    1. General Ledger > Chart of account > Main account > Select Ledger > Exchange rate type

    2. General Ledger > Setup > Ledger

  • Bharath jain Profile Picture
    Bharath jain 767 on at
    RE: default exchange rate type

    You can setup currency exchange rate type in GL - Currencies - currency exchange rate type. Select the same exchange rate type in currency exchange rate.

    In Ledger setup select the default exchange rate type for "Accounting currency exchange rate type".

  • Bharath jain Profile Picture
    Bharath jain 767 on at
    RE: default exchange rate type

    Hi,

    Kindly go through the below link, which explains on exchange rate setup and posting transaction.

    www.youtube.com/watch

    Regards,

    Bharath Jain.

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