How To Fix T7021 - Rate and amounts are not consistent

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 021

• Message text: Rate and amounts are not consistent

What causes this issue?

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

System Response

As the ratio of amounts does not correspond to the rate entered, the
system calculates the rate using the existing amounts.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7021 - Rate and amounts are not consistent ?

  The SAP error message T7021, which states "Rate and amounts are not consistent," typically occurs in the context of financial transactions, particularly when dealing with currency conversions, pricing, or financial postings. This error indicates that there is a mismatch between the exchange rate and the amounts being processed, which can lead to inconsistencies in financial reporting or transaction processing.
  Causes:
  
  Incorrect Exchange Rate: The exchange rate used for the transaction may not match the amounts being processed. This can happen if the rate is outdated or incorrectly entered.
  Currency Configuration Issues: There may be issues with the configuration of currencies in the system, such as missing or incorrect settings in the currency types or exchange rate types.
  Posting Period Issues: The transaction may be trying to use an exchange rate from a posting period that is closed or not valid.
  Rounding Differences: Rounding differences between the calculated amounts and the amounts entered can also trigger this error.
  Manual Entry Errors: If amounts or rates are entered manually, there may be typographical errors leading to inconsistencies.
  
  Solutions:
  
  Check Exchange Rates: Verify that the exchange rates are correctly maintained in the system. You can do this by navigating to the transaction for maintaining exchange rates (e.g., OB08) and ensuring that the rates are accurate and up to date.
  Review Transaction Details: Look at the specific transaction that triggered the error. Check the amounts and the currency involved to ensure they are correct and consistent with the exchange rate.
  Adjust Configuration: If there are issues with currency configuration, review the settings in the SAP system to ensure that all necessary currencies and exchange rates are properly configured.
  Repost Transactions: If the error is due to a closed posting period, consider reopening the period if appropriate, or adjust the transaction to use a valid exchange rate.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error in the context of your particular module (e.g., FI, CO).
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FB50 (General Ledger Account Document Entry), and others that may be relevant to your financial processes.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional context or solutions that may not be widely known.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the T7021 error and implement a solution to resolve it.