How To Fix T7355 - Please enter a settlement rate

T7355 - Overview

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 355

• Message text: Please enter a settlement rate

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

T7355 - Details

• The SAP error message T7355, which states "Please enter a settlement rate," typically occurs in the context of financial transactions, particularly when dealing with foreign currency transactions or intercompany settlements. This error indicates that the system requires a settlement rate to process the transaction, but none has been provided.
  
  Cause:
  
  Missing Settlement Rate: The most common cause is that the user has not entered a settlement rate for the transaction. This rate is necessary for converting amounts from one currency to another.
  
  Configuration Issues: There may be issues with the configuration of the currency settings in the system, such as missing exchange rate types or incorrect settings in the relevant financial modules.
  Transaction Type: The specific transaction type being processed may require a settlement rate that has not been defined or is not applicable in the current context.
  
  
  Solution:
  
  Enter a Settlement Rate: When prompted with the error, check the transaction screen for a field labeled