How To Fix T7301 - Settlement currency &1 is invalid

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7301 - Settlement currency &1 is invalid ?

  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 this by checking the currency table (TCURC) in SAP.
  Configuration Settings: Ensure that the currency is configured correctly in the relevant settings:
  
  Go to the configuration for the controlling area or project and check the currency settings.
  Ensure that the currency is allowed for the specific controlling area or project.
  
  
  Master Data Review: Review the master data for the relevant objects (cost centers, internal orders, etc.) to ensure that they are set up with the correct currency.
  Transaction Type: Check if the transaction type you are using supports the currency you are trying to use. Some transactions may have restrictions on the currencies they can process.
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like OB08 to check and maintain currency exchange rates or OKB9 to check the currency settings for controlling areas.
  SAP Notes: Look for relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Authorizations: Ensure that you have the necessary authorizations to perform transactions involving currency settings.
  
  By following these steps, you should be able to identify and resolve the issue related to the T7301 error message in SAP.