How To Fix FH061 - Balances for reconciliation accounts only in local currency not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FH - General ledger module messages

• Message number: 061

• Message text: Balances for reconciliation accounts only in local currency not defined

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FH061 - Balances for reconciliation accounts only in local currency not defined ?

  The SAP error message FH061, which states "Balances for reconciliation accounts only in local currency not defined," typically occurs when there is an issue with the configuration of reconciliation accounts in the Financial Accounting (FI) module. This error indicates that the system is unable to find the necessary balance information for reconciliation accounts in the local currency.
  Cause:
  
  Missing Configuration: The reconciliation account may not have been properly configured to allow balances in the local currency.
  Currency Settings: The currency settings for the company code or the reconciliation account may not be set correctly.
  Data Entry Issues: There may be issues with the data entry in the relevant transactions, such as incorrect currency codes or missing entries.
  Master Data Issues: The master data for the reconciliation account or the related accounts may not be set up correctly.
  
  Solution:
  
  
  Check Reconciliation Account Configuration:
  
  Go to the transaction code OBY6 (or use the menu path: Financial Accounting > General Ledger > Master Records > G/L Account > Create/Change).
  Verify that the reconciliation account is set up correctly and that it allows for balances in the local currency.
  
  
  
  Review Company Code Settings:
  
  Use transaction code OBY2 to check the company code settings.
  Ensure that the local currency is defined correctly for the company code.
  
  
  
  Check Currency Settings:
  
  Ensure that the currency settings for the relevant accounts are consistent and correctly defined.
  Use transaction code OB08 to check the exchange rate types and currency settings.
  
  
  
  Review Master Data:
  
  Check the master data for the reconciliation account and ensure that it is complete and accurate.
  Use transaction code FS00 to view and edit the G/L account master data.
  
  
  
  Data Entry Verification:
  
  Review the transactions that are causing the error to ensure that they are entered correctly and that the appropriate accounts are being used.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring reconciliation accounts and handling currency settings.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Configuration of G/L accounts.
  OBY2: Company code settings.
  OB08: Currency settings.
  FS00: G/L account master data maintenance.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  Testing: After making changes, perform tests to ensure that the error is resolved and that the reconciliation accounts are functioning as expected.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP FI consultant or your internal SAP support team for further assistance.