How To Fix FINS_RECON703 - &1: Balance in CO line item differs by &2 (controlling area currency &3)

FINS_RECON703 - Overview

• Message type: E = Error

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

• Message number: 703

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

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_RECON703 - &1: Balance in CO line item differs by &2 (controlling area currency &3) ?

  The SAP error message FINS_RECON703 indicates a discrepancy between the balance in a Controlling (CO) line item and the expected balance. This error typically arises during reconciliation processes, such as when trying to post or reconcile financial transactions between Financial Accounting (FI) and Controlling (CO) modules.
  
  Cause:
  
  
  Data Inconsistency: The most common cause is a mismatch between the amounts posted in the FI and CO modules. This can happen due to:
  
  Manual postings in FI that are not reflected in CO.
  Incorrectly configured or missing allocation cycles.
  Errors during data transfer between FI and CO.
  Currency conversion issues, especially if transactions are posted in different currencies.
  
  
  
  Posting Errors: If there are errors in the posting process, such as incorrect account assignments or missing cost center assignments, this can lead to discrepancies.
  
  
  Timing Issues: If transactions are posted in different periods or if there are open periods in one module but not the other, this can lead to differences.
  
  
  
  Solution:
  
  
  Reconcile