How To Fix FINS_RECON702 - &1: Balance in CO line item differs by &2 (object currency &3)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 702

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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_RECON702 - &1: Balance in CO line item differs by &2 (object currency &3) ?

  The SAP error message FINS_RECON702 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 and not properly converted, this can cause discrepancies.
  Timing Issues: Transactions may be posted in different periods in FI and CO, leading to temporary mismatches.
  Manual Adjustments: Manual adjustments or corrections in one module that are not reflected in the other can lead to inconsistencies.
  Configuration Issues: Incorrect configuration settings in the system can also lead to discrepancies in the balances.
  
  Solution:
  
  Check Transaction History: Review the transaction history for the specific CO line item to identify any discrepancies in postings.
  Reconcile Balances: Perform a reconciliation between the FI and CO modules to identify where the differences are occurring.
  Currency Conversion: Ensure that currency conversion is being handled correctly and that all transactions are recorded in the correct currency.
  Adjust Postings: If errors are found, make the necessary adjustments in either the FI or CO module to correct the discrepancies.
  Review Configuration: Check the configuration settings for both FI and CO to ensure they are set up correctly and consistently.
  Use SAP Reports: Utilize SAP standard reports (like S_ALR_87013611 for CO line items) to analyze and identify discrepancies.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FB03 (Display Document) to view the details of the financial documents and KSB1 (Cost Centers: Actual Line Items) to check CO line items.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for detailed information on the reconciliation process between FI and CO.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in FI/CO integration.