How To Fix 1I716 - Old acct currency and maintained IVA currency for acct &1 / &2 different

SAP Error Message - Details

• Message type: E = Error

• Message class: 1I - BCA: General Ledger Integration

• Message number: 716

• Message text: Old acct currency and maintained IVA currency for acct &1 / &2 different

What causes this issue?

The account currency and the currency maintained for individual value
adjustment are different. This is not possible at this time.
This probably involves a program error. Please inform SAP.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1I716 - Old acct currency and maintained IVA currency for acct &1 / &2 different ?

  The SAP error message 1I716 indicates that there is a mismatch between the old account currency and the maintained IVA (Impuesto al Valor Agregado, or Value Added Tax) currency for a specific account. This typically occurs during processes such as account changes or when trying to post transactions that involve VAT.
  Cause:
  The error arises when:
  
  The account currency of the old account does not match the currency that is maintained for the IVA (Value Added Tax) in the system.
  This can happen if the account was previously set up with a different currency, and the system is trying to apply VAT in a currency that is not compatible with the old account currency.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Go to the account settings in the SAP system and verify the currency settings for the account in question.
  Ensure that the account currency matches the IVA currency.
  
  
  
  Adjust IVA Settings:
  
  If the IVA currency needs to be changed, you may need to update the IVA settings for the account to ensure they are consistent with the account currency.
  
  
  
  Review Transaction Data:
  
  Check the transaction data that is causing the error. Ensure that the currency used in the transaction aligns with the account's currency settings.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes, consult with your finance or accounting team to ensure that any changes made are compliant with your organization's financial policies.
  
  
  
  Use Transaction Codes:
  
  You can use transaction codes like FS00 (to change account master data) or OB40 (to maintain VAT settings) to make necessary adjustments.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP documentation or help files for detailed information on account currency and VAT settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Engage with SAP user forums or communities for additional insights and solutions from other users who may have encountered the same issue.
  
  By following these steps, you should be able to resolve the error message 1I716 and ensure that your account and IVA currency settings are aligned.