How To Fix FIN_FAR_BS008 - Balance difference doesn't equal the sum of the bank statement items.

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_FAR_BS - Message for API Bank Statement

• Message number: 008

• Message text: Balance difference doesn't equal the sum of the bank statement items.

What causes this issue?

The difference between the opening and the closing balance doesn't equal
the sum of the bank statement items.

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 FIN_FAR_BS008 - Balance difference doesn't equal the sum of the bank statement items. ?

  The SAP error message FIN_FAR_BS008 indicates that there is a discrepancy between the balance difference and the sum of the bank statement items during the reconciliation process. This typically occurs in the context of bank statement processing in SAP Financial Accounting (FI) or Financial Supply Chain Management (FSCM).
  Cause:
  
  Data Entry Errors: There may be incorrect entries in the bank statement or in the corresponding accounting documents.
  Missing Items: Some bank statement items may not have been posted or recorded in the system.
  Incorrect Reconciliation: The reconciliation process may not have been performed correctly, leading to mismatches.
  Currency Differences: If transactions involve multiple currencies, exchange rate differences may cause discrepancies.
  Timing Issues: Transactions may not have been posted in the correct accounting period, leading to differences in balances.
  
  Solution:
  
  Review Bank Statement Items: Check the bank statement items for any discrepancies or missing entries. Ensure that all items are accounted for in the system.
  Verify Accounting Entries: Cross-check the accounting entries related to the bank statement items to ensure they are accurate and complete.
  Reconcile Manually: If automatic reconciliation fails, consider performing a manual reconciliation to identify and correct discrepancies.
  Check Currency Settings: If applicable, verify that currency settings and exchange rates are correctly configured and applied to the transactions.
  Adjust Posting Periods: Ensure that all relevant transactions are posted in the correct accounting periods to avoid timing issues.
  Consult Logs and Reports: Use SAP logs and reports to identify any errors or warnings that may provide additional context for the discrepancy.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FF67 (for manual bank statement processing) and FBL3N (for account balance display).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation on bank statement processing and reconciliation for best practices and troubleshooting steps.
  User Roles: Ensure that users have the appropriate roles and authorizations to perform bank statement processing and reconciliation tasks.
  
  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 FI/FSCM for further assistance.