GL Journal Posting Program Errors - Unopened reporting currency period OR Missing conversion rate to replicate journal

Error

Error in GL Posting Program - Unopened reporting currency period OR Missing conversion rate to replicate journal

Root Cause of the Error

Error1 - Unopened reporting currency period

You have associated reporting currencies with your Ledger, and the reporting currencies Ledger period is not yet opened for the period you are trying to post your Journal.

 

Error2 - Missing conversion rate to replicate journal

While defining your Primary Ledger you must have setup a Convertion Rate Type (like Corporate, Daily etc) between your Primary ledger and Reporting Currencies ledger. This conversion rate has not been defined as yet.

How to Reproduce the Error

Open a GL Journal Batch > Hit the 'Post' button

A 'Posting' concurrent program will be launched, which will complete in 'Warning' status. Check the output and error will be shown there.

Solution

1. For Error1, simply go to GL Reponsibility to which Reporting Currencies Ledger has been assigned. Then go to Setup > Open/Close

2. Open the period under which you are trying to post.

3. For Error2, to to GL Reponsibility of the Primary Ledger. Then go to Setup > Financials > Currencies > Daily Rates

4. Define a converstion rate for the posting period between your Primary Ledger currency and Reporting Ledger currency.

5. Now rerun the Posting and error will not appear now.

Environment

Oracle E Business Suite R12.1.3+

Oracle Linux OS

Web ADI Configuration Error - BNE_UIX_PHYSICAL_DIR...
GL Trial Balance Report running throws error - APP...