2705816 - Error "Enter rate" creating Time entries or updating employee

Error message creating an activity in Manage My Timesheet app or My Time Sheet on behalf of another person when the project currency defers form the employee currency or updating the information of an employee using the Import Employee App.

Possible errors:

• Internal error occurred, contact your system administrator
• Enter rate XXX / YYY rate type ZZZZ for XX/XX/XXXX in the system settings.
• Pernr XXXXXXXX: Infotype 0001 with error  (Message no. BL001)

SAP S/4HANA Cloud Public Edition

Time Sheet (S/4 CLD)

SG/105 SG 105 TKA07 , TCURR. , KBA , CA-TS-S4 , Cross Application Timesheet in S/4HANA , CA-HR-S4 , Cross-Application HCM Objects in S/4HANA , Problem