How To Fix T7007 - Transaction type & only defined for rollover/premature settlement

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 007

• Message text: Transaction type & only defined for rollover/premature settlement

What causes this issue?

A new transaction cannot be entered with the transaction type you have
chosen as it should only be used for rollover / premature settlement of
existing foreign exchange transactions.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Choose another transaction type.

Error message extract from SAP system. Copyright SAP SE.