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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC_CUST017 - Rounding diff acct &1 currency differs from company code currency ?

  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 is in the same currency as the company code currency.
  
  
  
  Adjust Company Code Settings:
  
  Ensure that the company code settings are correctly configured to use the appropriate currency for all transactions.
  If necessary, change the currency of the rounding difference account to match the company code currency.
  
  
  
  Review Transaction Data:
  
  Check the specific transaction that triggered the error. Ensure that all amounts and accounts used are consistent in terms of currency.
  If the transaction involves multiple currencies, ensure that the conversion rates and rounding rules are correctly applied.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring intercompany transactions and rounding differences.
  
  
  
  Testing:
  
  After making changes, perform test transactions to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for defining company code settings) or OBD2 (for defining the rounding difference account) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  Intercompany Accounting: Familiarize yourself with the principles of intercompany accounting in SAP, as this will help in understanding how rounding differences are handled.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant or your organization's SAP support team for further assistance.