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

FTVV_MESSAGES718 - Overview

• 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,