How To Fix FINS_RECON587 - CoCd &1: Check of NewGL currencies started at &2 and ended at &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_RECON - SAP S/4HANA Finance Migration: Reconciliation

• Message number: 587

• Message text: CoCd &1: Check of NewGL currencies started at &2 and ended at &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_RECON587 - CoCd &1: Check of NewGL currencies started at &2 and ended at &3 ?

  The SAP error message FINS_RECON587 typically relates to issues with the New General Ledger (New GL) functionality in SAP, specifically concerning currency checks during the reconciliation process. This error indicates that there was a problem with the currency checks for a specific company code (CoCd) during a certain time period.
  Cause:
  
  Currency Configuration Issues: The error may arise if there are inconsistencies in the currency settings for the company code. This could include missing or incorrect currency types or settings in the New GL configuration.
  Data Inconsistencies: There may be inconsistencies in the financial documents or postings that are being reconciled, particularly related to currency amounts.
  Period Closing Issues: If the period for which the reconciliation is being performed is not properly closed or if there are open items that should not be there, this can trigger the error.
  Custom Code or Enhancements: If there are custom developments or enhancements in the system that affect the New GL functionality, they may lead to unexpected behavior and errors.
  
  Solution:
  
  Check Currency Configuration: Verify the currency settings for the company code in the configuration. Ensure that all necessary currencies are defined and correctly set up.
  Review Financial Documents: Check the financial documents for the specified period to identify any inconsistencies or errors in currency postings. Look for any documents that may have been posted incorrectly.
  Close Open Periods: Ensure that the financial periods are properly closed and that there are no open items that should not be there. If necessary, perform the closing activities again.
  Run Reconciliation Reports: Use the appropriate reconciliation reports to identify any discrepancies in the New GL. This can help pinpoint the source of the error.
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message. There may be patches or updates that resolve known issues.
  Debugging: If the issue persists, consider debugging the process to identify the exact point of failure. This may require the assistance of a technical consultant.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL3N (G/L Account Line Item Display) and FAGLB03 (Display G/L Account Balances) to analyze the data.
  New GL Configuration: Review the configuration settings for New GL in transaction SPRO under Financial Accounting (New) > General Ledger Accounting > Master Data > G/L Account > Prepare G/L Account Creation.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  If the problem continues after following these steps, it may be beneficial to engage with SAP support or a qualified SAP consultant for further assistance.