How To Fix 1G584 - No balancing has been executed yet as a nostro account

SAP Error Message - Details

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 584

• Message text: No balancing has been executed yet as a nostro account

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1G584 - No balancing has been executed yet as a nostro account ?

  The SAP error message 1G584 indicates that no balancing has been executed for a nostro account. This typically occurs in the context of financial transactions, particularly in banking and treasury management, where nostro accounts are used to manage foreign currency transactions and balances.
  Cause:
  The error can arise due to several reasons:
  
  No Balancing Run Executed: The most common cause is that a balancing run has not been executed for the specified nostro account. Balancing runs are necessary to ensure that the transactions are properly reconciled and that the account balances are accurate.
  Configuration Issues: There may be configuration issues in the system that prevent the balancing run from being executed.
  Data Entry Errors: Incorrect or incomplete data entries related to the nostro account can also lead to this error.
  Timing Issues: The error may occur if the system is expecting a balancing run to have been executed at a certain time, but it has not yet been performed.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Execute Balancing Run:
  
  Navigate to the appropriate transaction in SAP to execute the balancing run for the nostro account. This is typically done through the transaction code related to cash management or treasury management.
  Ensure that all necessary parameters are correctly set before executing the run.
  
  
  
  Check Configuration:
  
  Review the configuration settings for the nostro account in the SAP system. Ensure that all necessary settings are in place for the balancing process to function correctly.
  Consult with your SAP administrator or financial team to verify that the account is set up correctly.
  
  
  
  Review Transaction Data:
  
  Check the transaction data related to the nostro account for any discrepancies or missing entries. Ensure that all transactions have been recorded accurately.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions related to your version of SAP and the financial module you are using.
  
  
  
  Contact Support:
  
  If the issue persists after trying the above steps, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  
  
  Related Information:
  
  Nostro Account: A nostro account is a bank account held in a foreign currency by a bank in its home country. It is used to facilitate international transactions and manage foreign currency balances.
  Balancing Run: A balancing run is a process in SAP that reconciles transactions and ensures that account balances are accurate. It is essential for maintaining the integrity of financial data.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing treasury and cash management processes, such as FBL3N (Display G/L Account Line Items) or F110 (Automatic Payment Transactions).
  
  By following these steps, you should be able to resolve the error message 1G584 and ensure that your nostro account is properly balanced.