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Finance | Project Operations, Human Resources, ...
Answered

default exchange rate type

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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?

I have the same question (0)
  • Bharath jain Profile Picture
    1,567 Super User 2026 Season 1 on at

    Hi,

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

    www.youtube.com/watch

    Regards,

    Bharath Jain.

  • Bharath jain Profile Picture
    1,567 Super User 2026 Season 1 on at

    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".

  • Verified answer
    saurabh bharti Profile Picture
    15,055 Moderator on at

    You can check following:

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

    2. General Ledger > Setup > Ledger

  • Suggested answer
    Sheela Ningappa Profile Picture
    Microsoft Employee on at

    Hi,

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

    Thanks,

    Sheela

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