How to use TF_07 - Fixing Settle Forward

SAP Transaction Code - Details

• Transaction Code: TF_07

  Description: Fixing Settle Forward

  Release: S/4HANA and ECC 6

• • Program: SAPMF73E

    Screen: 2120

    Authorization Object: F_T_TRANSB

  • Development Package: FTTR

    Package Description: Treasury: Financial Transaction

    Parent Package: FS_TRM

  • Module/Component: FIN-FSCM-TRM-TM-TR

    Description: Transaction Management

Smart SAP Assistant

• SAP Tcode: TF_07 - Fixing Settle Forward

   Exchange Rates
  
  Overview:
  TF_07 is a SAP transaction code used to fix the forward exchange rates for settlement. This transaction code is used to ensure that the exchange rate used for settlement is the same as the rate used when the transaction was created. 
  
  Functionality: 
  TF_07 allows users to fix the forward exchange rate for settlement. This ensures that the exchange rate used for settlement is the same as the rate used when the transaction was created. This helps to avoid any discrepancies in the exchange rate when settling transactions. 
  
  Step-by-step How to Use: 
  1. Enter TF_07 in the SAP command field. 
  2. Select the currency for which you want to fix the forward exchange rate. 
  3. Enter the date on which you want to fix the forward exchange rate. 
  4. Enter the amount of currency you want to fix. 
  5. Enter the exchange rate you want to use for settlement. 
  6. Confirm your entries and save them. 
  
  Other Recommendations: 
  It is important to note that this transaction code should only be used if there is a discrepancy between the exchange rate used when creating a transaction and when settling it. If there is no discrepancy, then this transaction code should not be used as it can lead to incorrect settlements and incorrect accounting entries.