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

SAP Error Message - Details

• 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

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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 to access the standard rates.
  
  Solution:
  
  
  Check Standard Rate Configuration:
  
  Navigate to the relevant configuration settings in SAP (Transaction code: SPRO).
  Ensure that the standard rates for the relevant cost elements or activity types are defined and maintained correctly.
  
  
  
  Update Standard Rates:
  
  If the standard rates are missing or outdated, update them using the appropriate transaction (e.g., KP26 for activity types or CK11N for cost estimates).
  
  
  
  Review Master Data:
  
  Check the master data for the cost center, internal order, or activity type to ensure that all necessary information is correctly maintained.
  
  
  
  Check Period Status:
  
  Verify if the posting period is open and that the standard rates are valid for the current period.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access and view the standard rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on the specific configuration and settings related to standard rates.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KP26 (Change Activity Type Planning), CK11N (Create Cost Estimate), and OKEQ (Maintain Standard Prices).
  SAP Notes: Check for any SAP Notes related to this error message for potential bug fixes or additional guidance.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.