How To Fix /PF1/MSG_EH_E712 - Cannot get standard rate; system determines external rate

/PF1/MSG_EH_E712 - Overview

• Message type: E = Error

• Message class: /PF1/MSG_EH_E -

• Message number: 712

• Message text: Cannot get standard rate; system determines external rate

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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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_EH_E712 - Cannot get standard rate; system determines external rate ?

  The SAP error message /PF1/MSG_EH_E712 indicates that the system is unable to retrieve the standard rate for a particular transaction or process, and as a result, it defaults to using an external rate. This error typically occurs in the context of financial transactions, particularly in modules related to controlling (CO) or financial accounting (FI).
  
  Cause:
  
  Missing Standard Rate: The standard rate for the relevant cost element or activity type may not be defined in the system.
  
  Configuration Issues: There may be configuration issues in the controlling area or the relevant settings for the cost center or internal order.
  Data Inconsistencies: There could be inconsistencies in the master data, such as missing or incorrect entries in the cost center or activity type master records.
  Period Closing: The standard rates may not be updated or maintained for the current period, especially if the period is closed for posting.
  Authorization Issues: The user may not have the necessary authorizations