How To Fix FTVV_MESSAGES718 - Gross amount and percentage rate could not be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 718

• Message text: Gross amount and percentage rate could not be determined

What causes this issue?

The system could not determine the gross amount and the percentage rate
for the net amount entered.

System Response

After the next data release the net amount will be calculated again
based on the percentage rate displayed.

How to fix this error?

Check the result. To obtain the required net amount you can try varying
the net amount slightly. You can then determine the gross amount if
necessary and this then must be slightly changed to obtain the required
net amount.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES718 - Gross amount and percentage rate could not be determined ?

  The SAP error message FTVV_MESSAGES718, which states "Gross amount and percentage rate could not be determined," typically occurs in the context of financial transactions, particularly when dealing with tax calculations or payment processing. This error indicates that the system is unable to calculate the gross amount or the applicable percentage rate for a transaction, which can be due to several reasons.
  Causes:
  
  Missing Configuration: The tax codes or tax calculation settings may not be properly configured in the system. This can include missing tax rates or incorrect tax categories.
  Incomplete Master Data: The master data for the vendor, customer, or material may be incomplete or incorrect, leading to issues in determining the gross amount or tax rate.
  Transaction Type Issues: The specific transaction type being processed may not have the necessary settings or configurations to allow for proper calculation.
  Currency Issues: If there are currency conversion issues or if the currency settings are not aligned, it can lead to problems in calculating amounts.
  Document Type Restrictions: Certain document types may have restrictions or specific configurations that prevent the calculation of gross amounts or rates.
  
  Solutions:
  
  
  Check Tax Configuration: Review the tax configuration settings in the SAP system. Ensure that the relevant tax codes are defined and that the tax rates are correctly set up.
  
  Transaction Codes: Use transaction codes like OBYZ (for tax codes) and OB40 (for tax calculation procedures) to check configurations.
  
  
  
  Review Master Data: Ensure that the master data for the relevant vendors, customers, or materials is complete and accurate. Check for missing tax information or incorrect settings.
  
  Transaction Codes: Use BP (Business Partner) or MM01 (Material Master) to review and update master data.
  
  
  
  Validate Transaction Type: Ensure that the transaction type being processed is correctly configured to allow for gross amount and percentage calculations. Check if any specific settings are required for the transaction type.
  
  
  Currency Settings: Verify that the currency settings are correct and that there are no issues with currency conversion. Ensure that the currency used in the transaction is supported and correctly configured.
  
  
  Check Document Type: Review the document type being used for the transaction. Ensure that it is configured to allow for the necessary calculations and that there are no restrictions in place.
  
  
  Consult SAP Notes: Check for any relevant SAP Notes or updates that may address this specific error. SAP frequently releases updates that may resolve known issues.
  
  
  Related Information:
  
  SAP Documentation: Refer to the official SAP documentation for detailed information on tax configuration and transaction processing.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  Support: If the issue persists, consider reaching out to SAP support for assistance, providing them with detailed information about the error and the context in which it occurs.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.