How To Fix FINS_IC_CUST019 - Rounding diff acct &1 is open-item-managed for CoCode &2 / ChtAccts &3

FINS_IC_CUST019 - Overview

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 019

• Message text: Rounding diff acct &1 is open-item-managed for CoCode &2 / ChtAccts &3

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_CUST019 - Details

• The SAP error message FINS_IC_CUST019 indicates that there is a rounding difference account that is open-item managed for a specific company code and chart of accounts. This error typically arises in the context of intercompany transactions, particularly when dealing with currency conversions or rounding differences.
  
  Cause:
  
  Open-Item Management: The rounding difference account is set to be open-item managed, which means that each entry in this account must be cleared against another entry. This is often required for accounts that deal with intercompany transactions.
  
  Configuration Issues: The rounding difference account may not be properly configured in the system, or it may not be suitable for the type of transactions being processed.
  Currency Differences: When transactions involve different currencies, rounding differences can occur, and if the account handling these differences is open-item managed, it can lead to this error.
  
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the configuration settings for the rounding difference account in the SAP system.
  Ensure that the