How To Fix F0344 - Only 1 or 2 permitted for the collective settlement of foreign transfers

F0344 - Overview

• Message type: E = Error

• Message class: F0 - FI batch program messages

• Message number: 344

• Message text: Only 1 or 2 permitted for the collective settlement of foreign transfers

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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F0344 - Details

• The SAP error message F0344, which states "Only 1 or 2 permitted for the collective settlement of foreign transfers," typically occurs in the context of financial transactions, particularly when dealing with collective settlements in foreign currency transfers. This error indicates that the system is expecting a specific value for the collective settlement type, and the value provided does not meet the criteria.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Incorrect Settlement Type: The system is configured to accept only specific values (1 or 2) for the collective settlement of foreign transfers, and a different value has been entered.
  
  Configuration Issues: There may be a configuration issue in the financial settings related to foreign currency transactions or collective settlements.
  Data Entry Error: A user may have mistakenly entered an invalid value in the relevant field.
  
  
  Solution:
  To resolve the F0344 error, you can take the following steps:
  
  
  Check the Input Value: Ensure that the