How To Fix T7301 - Settlement currency &1 is invalid

T7301 - Overview

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 301

• Message text: Settlement currency &1 is invalid

What causes this issue?

The settlement currency was changed with a BAPI when a NDF transaction
was being fixed.

System Response

The settlement currency cannot be changed in the fixing BAPI. It must be
either empty or identical with the settlement currency from the original
transaction.

How to fix this error?

Leave the field empty or enter the correct value.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

T7301 - Details

• The SAP error message T7301, which states "Settlement currency &1 is invalid," typically occurs in the context of settlement processes in SAP, particularly in modules like Controlling (CO) or Project System (PS). This error indicates that the specified settlement currency is not recognized or is not valid for the transaction you are trying to execute.
  
  Cause:
  
  Invalid Currency Code: The currency code specified in the transaction does not exist in the system or is not configured correctly.
  Currency Configuration: The currency may not be set up for the specific controlling area, project, or cost center.
  Master Data Issues: The master data for the relevant objects (like cost centers, internal orders, or projects) may not have the correct currency settings.
  Transaction Settings: The transaction you are trying to execute may not support the specified currency.
  
  
  Solution:
  
  Check Currency Code: Verify that the currency code specified in the transaction is correct and exists in the system. You can do