How To Fix F5703 - Balance in local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 703

• Message text: Balance in local currency

What causes this issue?

A balance exists in local currency "&v3&" with the following details:
Exchange rate type "&v1&", amount "&v2&" and currency key "&v3&".
The data in local currency is transferred from the calling application.

System Response

Your data cannot be processed in FI.

How to fix this error?

There is probably an error in the calling application.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5703 - Balance in local currency ?

  The SAP error message F5703, which states "Balance in local currency," typically occurs during financial transactions or postings when there is a discrepancy in the balance of local currency amounts. This error can arise in various scenarios, such as during the posting of invoices, payments, or during the execution of financial reports.
  Causes of Error F5703
  
  Currency Mismatch: The local currency of the document does not match the local currency defined in the company code or master data.
  Incorrect Configuration: The configuration settings for currency types or exchange rates may not be set up correctly.
  Posting Errors: There may be errors in the way transactions are being posted, leading to imbalances in the local currency.
  Incomplete Data: Missing or incomplete data in the transaction that is required for proper currency conversion or balance calculation.
  Document Type Issues: The document type being used may not support the currency settings being applied.
  
  Solutions to Error F5703
  
  
  Check Currency Settings:
  
  Verify that the local currency in the document matches the local currency defined in the company code settings.
  Ensure that the currency settings in the master data (vendor/customer) are correct.
  
  
  
  Review Transaction Data:
  
  Check the transaction for any missing or incorrect entries that could lead to an imbalance.
  Ensure that all line items in the transaction are correctly entered and balanced.
  
  
  
  Configuration Review:
  
  Review the configuration settings for currency types and exchange rates in the SAP system.
  Ensure that the currency types are correctly defined and that the exchange rates are up to date.
  
  
  
  Use Transaction Codes:
  
  Use transaction codes like FB03 (Display Document) to review the document and identify discrepancies.
  Use OB08 to check and maintain exchange rates.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling currency-related errors.
  
  
  
  Contact Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB01 (Post Document), FBL1N (Vendor Line Item Display), and FBL3N (G/L Account Line Item Display) to help troubleshoot the issue.
  SAP Notes: Check SAP Notes for any known issues or patches related to error F5703.
  User Forums: Engage with SAP community forums or user groups for shared experiences and solutions from other users who may have encountered the same error.
  
  By following these steps, you should be able to identify the cause of the F5703 error and implement a solution to resolve it.