How To Fix FINS_RECON701 - &1: Balance in CO line item differs by &2 (transact. currency &3)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 701

• Message text: &1: Balance in CO line item differs by &2 (transact. currency &3)

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_RECON701 - &1: Balance in CO line item differs by &2 (transact. currency &3) ?

  The SAP error message FINS_RECON701 indicates that there is a discrepancy in the balance of a CO (Controlling) line item. This error typically arises during the reconciliation process between Financial Accounting (FI) and Controlling (CO) modules, where the balances in the CO line items do not match the expected values.
  
  Cause:
  
  Data Entry Errors: Incorrect postings in either the FI or CO module can lead to mismatched balances.
  Currency Differences: If transactions are recorded in different currencies, conversion issues may cause discrepancies.
  Missing or Incorrect Allocations: If cost allocations or assessments are not properly executed, it can lead to imbalances.
  Timing Differences: Transactions recorded in different periods can also lead to temporary discrepancies.
  Manual Adjustments: Manual adjustments in either module that are not reflected in the other can cause mismatches.
  
  
  Solution:
  
  Check Transaction Details: Review the specific transactions that are causing the discrepancy. Look for any data entry errors or missing postings.
  Currency Conversion: Ensure that currency conversion is