How To Fix FINS_IC_CUST017 - Rounding diff acct &1 currency differs from company code currency

FINS_IC_CUST017 - Overview

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 017

• Message text: Rounding diff acct &1 currency differs from company code currency

What causes this issue?

To post rounding differences, you must define special accounts for these
rounding differences in the project configuration.
A rounding difference account, such as &V1& that is used for company
code &V2& and chart of accounts &V3&, must fulfill the following
requirements:
The GL account type must be <LS>Nonoperating Expense or Income</>
(Attribute <AB>SKA1-GLACCOUNT_TYPE = 'N'</>).
The account currency must be equal to the local currency of the company
code
(Attribute <AB>SKB1-WAERS = T001-WAERS</>)
Posting to a rounding difference account with taxes isn't mandatory
(Attribute <AB>SKB1-XMWNO </>is initial).
A rounding difference account is not open-item-managed
(Attribute <AB>SKB1-XOPVW </>is initial).
Rounding difference account must not be defined as to <LS>Post
automatically only</>
(Attribute <AB>SKB1-XINTB </>is initial).
A rounding difference account must not be defined as a reconciliation
account
(Attribute <AB>SKB1-MITKZ </>is empty).
For rounding difference accounts, the balances must be managed in the
local currency only
(Attribute <AB>SKB1-XSALH = 'X'</>)

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?

In the project configuration, ensure that the accounts used for rounding
differences comply with the requirements described above.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_IC_CUST017 - Details

• The SAP error message FINS_IC_CUST017 indicates that there is a discrepancy in the rounding difference account for intercompany transactions. Specifically, it states that the rounding difference account specified for the transaction is in a different currency than the company code currency. This can occur during intercompany transactions where the amounts are rounded differently, leading to a need for a rounding difference account to capture these discrepancies.
  
  Cause:
  
  Currency Mismatch: The rounding difference account is set up in a currency that does not match the currency of the company code.
  
  Configuration Issues: The configuration settings for intercompany transactions may not be aligned properly, leading to inconsistencies in currency settings.
  Transaction Settings: The specific transaction being processed may have been set up incorrectly, leading to the use of an inappropriate rounding difference account.
  
  
  Solution:
  
  
  Check Rounding Difference Account Configuration:
  
  Go to the configuration settings for intercompany accounting in SAP.
  Verify that the rounding difference account is set up correctly and