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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC_CUST019 - Rounding diff acct &1 is open-item-managed for CoCode &2 / ChtAccts &3 ?

  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 account is set up correctly for the intended use. If it should not be open-item managed, consider changing its settings.
  
  
  
  Review Transaction Entries:
  
  Check the transactions that are causing the error. Look for any discrepancies in currency conversion or rounding that may need to be addressed.
  Ensure that all necessary entries are made to clear the rounding differences.
  
  
  
  Adjust Open-Item Management:
  
  If the rounding difference account should not be open-item managed, you may need to change the account type in the configuration settings.
  If it must remain open-item managed, ensure that all related entries are properly cleared.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on handling this error in your version of SAP.
  
  
  
  Testing:
  
  After making any changes, perform test transactions to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 (to manage posting periods) or FS00 (to manage G/L accounts) to check and modify account settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Intercompany Settings: Review the intercompany settings in your SAP system, as this error often relates to intercompany transactions and their handling.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in financial accounting within SAP.