How To Fix FD350 - Beginning balance & does not equal ending balance & from last statement

SAP Error Message - Details

• Message type: E = Error

• Message class: FD - EDI Messages in FI

• Message number: 350

• Message text: Beginning balance & does not equal ending balance & from last statement

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FD350 - Beginning balance & does not equal ending balance & from last statement ?

  The SAP error message FD350 indicates a discrepancy between the beginning balance and the ending balance of a financial statement or account. This error typically arises during the reconciliation process or when generating financial reports, and it suggests that there is an inconsistency in the data that needs to be addressed.
  Causes of FD350 Error
  
  Data Entry Errors: Incorrect entries in the financial documents can lead to mismatched balances.
  Posting Errors: Transactions may not have been posted correctly, or there may be missing postings.
  Timing Issues: Transactions that are recorded in different periods may cause discrepancies in balances.
  Clearing Issues: Open items that have not been cleared properly can lead to balance mismatches.
  Configuration Issues: Incorrect settings in the financial module or account settings can lead to errors in balance calculations.
  Manual Adjustments: Manual adjustments made to accounts without proper documentation can cause discrepancies.
  
  Solutions to FD350 Error
  
  Reconcile Accounts: Review the account balances and reconcile them to identify discrepancies. Check for any missing or incorrect postings.
  Check Transaction History: Analyze the transaction history for the account in question to identify any anomalies or errors.
  Review Open Items: Ensure that all open items have been cleared and that there are no outstanding transactions that could affect the balance.
  Correct Data Entry: Verify and correct any data entry errors in the financial documents.
  Adjust Posting Periods: Ensure that all transactions are posted in the correct accounting periods.
  Consult Configuration Settings: Review the configuration settings in the financial module to ensure they are set up correctly.
  Run Reports: Use SAP reports to analyze the account balances and identify where the discrepancies are occurring.
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and FBL5N (Customer Line Item Display) to analyze account balances.
  SAP Notes: Check SAP Notes for any known issues or patches related to the FD350 error.
  Documentation: Ensure that all financial transactions are well-documented to facilitate easier reconciliation and error identification.
  User Training: Provide training for users on proper data entry and reconciliation processes to minimize errors in the future.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP to further investigate the problem.