How To Fix FINS_IC103 - &1 correction records were found

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC - Manage Currencies

• Message number: 103

• Message text: &1 correction records were found

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC103 - &1 correction records were found ?

  The SAP error message FINS_IC103 typically indicates that there are inconsistencies or issues with the intercompany reconciliation process. This error message is often encountered in the context of financial accounting and intercompany transactions, particularly when dealing with the reconciliation of accounts between different company codes.
  Cause:
  The error message FINS_IC103 indicates that there are correction records found that need to be addressed. This can occur due to several reasons, including:
  
  Unmatched Transactions: There may be transactions between company codes that have not been properly matched or reconciled.
  Data Entry Errors: Incorrect data entry in intercompany transactions can lead to discrepancies.
  Timing Issues: Transactions may have been recorded in different periods, leading to mismatches.
  Configuration Issues: Incorrect configuration in the intercompany settings can lead to reconciliation problems.
  
  Solution:
  To resolve the FINS_IC103 error, you can follow these steps:
  
  
  Review Correction Records: Check the correction records mentioned in the error message. You can usually find these records in the intercompany reconciliation reports or transaction logs.
  
  
  Reconcile Transactions: Ensure that all intercompany transactions are properly matched. This may involve reviewing the entries in both company codes and ensuring that they correspond correctly.
  
  
  Correct Data Entry: If there are any data entry errors, correct them in the relevant transactions. This may involve adjusting amounts, dates, or other relevant fields.
  
  
  Check Configuration: Review the configuration settings for intercompany transactions in your SAP system. Ensure that all necessary settings are correctly configured.
  
  
  Run Reconciliation Reports: Use SAP's reconciliation reports to identify and resolve discrepancies. This can help you pinpoint the exact nature of the issues.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling intercompany reconciliation issues.
  
  
  Seek Help from SAP Support: If the issue persists and you are unable to resolve it, consider reaching out to SAP support for assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as F.2D (Intercompany Reconciliation) and F.2C (Intercompany Clearing).
  SAP Notes: Check for any SAP Notes related to FINS_IC103 for additional guidance or patches that may address known issues.
  Training and Documentation: Ensure that users involved in intercompany transactions are adequately trained and have access to documentation on best practices for data entry and reconciliation.
  
  By following these steps, you should be able to address the FINS_IC103 error and ensure that your intercompany transactions are properly reconciled.