How To Fix FINS_IC_CUST020 - Rnding diff acct &1 defined to post automatically; CoCode &2, ChtAccts &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 020

• Message text: Rnding diff acct &1 defined to post automatically; 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_CUST020 - Rnding diff acct &1 defined to post automatically; CoCode &2, ChtAccts &3 ?

  The SAP error message FINS_IC_CUST020 typically relates to issues with intercompany accounting, specifically concerning the automatic posting of rounding differences. This error indicates that there is a configuration issue with the rounding difference account that is defined for automatic posting in the specified company code and chart of accounts.
  Cause:
  
  Configuration Issue: The rounding difference account is not properly configured in the system for the specified company code and chart of accounts.
  Missing Account: The rounding difference account may not exist in the specified chart of accounts.
  Posting Settings: The settings for automatic postings may not be correctly defined in the system.
  Intercompany Settings: There may be issues with the intercompany settings that affect how rounding differences are handled.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for intercompany accounting in SAP (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Intercompany Accounting > Define Rounding Difference Accounts.
  Ensure that the rounding difference account is correctly defined for the relevant company code and chart of accounts.
  
  
  
  Verify Account Existence:
  
  Check if the rounding difference account exists in the specified chart of accounts. You can do this by using transaction code FS00 to view the account details.
  If the account does not exist, create it using the same transaction code.
  
  
  
  Review Automatic Posting Settings:
  
  Ensure that the settings for automatic postings are correctly configured. This can be done in the same configuration area mentioned above.
  
  
  
  Check Intercompany Settings:
  
  Review the intercompany settings to ensure that they are correctly set up to handle rounding differences. This includes checking the settings for intercompany transactions and postings.
  
  
  
  Test Posting:
  
  After making the necessary changes, perform a test posting to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  SPRO: Access to the SAP Customizing Implementation Guide.
  FS00: Create or change G/L accounts.
  FB50: General Ledger account posting (for testing purposes).
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on intercompany accounting and rounding differences.
  
  
  Support: If the issue persists after checking the configuration and settings, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  By following these steps, you should be able to resolve the FINS_IC_CUST020 error and ensure that rounding differences are handled correctly in your intercompany accounting processes.