How To Fix 1E318 - Caution: Account blocked for balancing by currency changeover

SAP Error Message - Details

• Message type: E = Error

• Message class: 1E - BCA: Account

• Message number: 318

• Message text: Caution: Account blocked for balancing by currency changeover

What causes this issue?

In the Implementation Guide (IMG) you chose the Customizing setting
that stipulates that currency changeover takes place after an account
balancing.
Since the balancing prior to the changeover date falls on a non-working
day, the account is blocked for this balancing. (This applies if the
balancing posting date is later than the balancing date when the
balancing is executed). This means you must first carry out the
currency change before the balancing. This leads to the postings
resulting from the balancing being made in EURO.

System Response

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

How to fix this error?

If this is not what you want, first choose another date for the
currency changeover or adjust the balancing time periods (key date or
next date) accordingly.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1E318 - Caution: Account blocked for balancing by currency changeover ?

  The SAP error message 1E318 ("Caution: Account blocked for balancing by currency changeover") typically occurs during financial transactions when there is an issue related to currency changes in the system. This error indicates that the account in question has been blocked for balancing due to a currency changeover process, which is often related to the year-end closing or a currency conversion process.
  Causes:
  
  Currency Changeover: The error usually arises when a currency changeover has been performed, and the account is not set up to handle transactions in the new currency.
  Account Configuration: The account may not be configured correctly to allow transactions in the new currency or may have restrictions based on the currency settings.
  Open Items: There may be open items in the account that are not cleared, which can lead to the account being blocked for further transactions.
  Period Closing: The error can also occur if the financial period is closed, and transactions are attempted in that period.
  
  Solutions:
  
  Check Account Configuration: Review the account settings in the SAP system to ensure that it is configured to allow transactions in the new currency. This includes checking the account type and currency settings.
  Clear Open Items: If there are open items in the account, they should be cleared or resolved. This may involve posting adjustments or clearing transactions.
  Review Currency Changeover Process: Ensure that the currency changeover process was completed successfully. If there were any issues during the process, they may need to be addressed.
  Consult with Finance Team: Engage with your finance or accounting team to understand the implications of the currency changeover and to ensure that all necessary steps have been taken.
  Check Period Status: Verify if the financial period is still open for posting. If it is closed, you may need to reopen it or post the transaction in the next open period.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 (to manage posting periods) or FB03 (to display documents) to investigate the issue further.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional guidance on handling this specific error.
  User Authorization: Ensure that you have the necessary authorizations to make changes to account settings or to perform transactions.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a technical consultant who can provide more in-depth assistance.