FAGL_POSTING005 - A/c &1/&2 with clearing specific to ldgr grp only permitted in local crcy

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_POSTING - Messages for FAGL_POSTING EhP3 Relating to New Functions

• Message number: 005

• Message text: A/c &1/&2 with clearing specific to ldgr grp only permitted in local crcy

What causes this issue?

The <LS>Only Balances in Local Currency</> indicator was not set.
However, accounts with clearing specific to ledger groups can only be
managed in local currency because the transaction is only used for
internal purposes and is not intended to be used to portray external
business processes.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_POSTING005 - A/c &1/&2 with clearing specific to ldgr grp only permitted in local crcy ?

  The SAP error message FAGL_POSTING005 indicates that there is an issue with posting a transaction in the General Ledger (G/L) where the account and clearing account combination is restricted to local currency only. This error typically arises when you attempt to post a transaction that involves a clearing account that is not in the local currency of the ledger group.
  Cause:
  
  Currency Mismatch: The transaction you are trying to post involves accounts that are not in the local currency defined for the ledger group. The system is configured to allow postings to certain accounts only in local currency.
  Account Configuration: The accounts involved in the transaction may be set up in such a way that they only allow postings in local currency.
  Clearing Account Restrictions: The clearing account you are trying to use may have restrictions that only allow it to be used in local currency.
  
  Solution:
  
  Check Currency Settings: Ensure that the currency of the transaction matches the local currency of the ledger group. If you are trying to post in a foreign currency, you may need to convert it to the local currency.
  Review Account Configuration: Check the configuration of the accounts involved in the transaction. You can do this by navigating to the account master data and verifying the currency settings.
  Use Local Currency: If the transaction must be posted in local currency, ensure that all amounts are converted to the local currency before posting.
  Adjust Clearing Account: If the clearing account is not set up to allow postings in the currency you are using, consider using a different clearing account that allows for the currency you are working with.
  Consult with Finance Team: If you are unsure about the account settings or the implications of changing them, consult with your finance or accounting team to ensure compliance with financial policies.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FS00 (G/L Account Master Record) to check the account settings or FB50 (G/L Account Document Entry) to attempt the posting again after making necessary adjustments.
  Documentation: Refer to SAP documentation or help files for more detailed information on G/L account settings and currency configurations.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling currency-related issues in G/L postings.
  
  By following these steps, you should be able to resolve the FAGL_POSTING005 error and successfully post your transaction.