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

SAP Error Message - Details

• 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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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 Balances: 
  
  Check the balances in both FI and CO for the relevant periods and accounts. Use transaction codes like FBL3N for FI and KSB1 for CO to view line items.
  Identify the specific transactions causing the discrepancy.
  
  
  
  Review Configuration: 
  
  Ensure that the integration settings between FI and CO are correctly configured. This includes checking the assignment of cost elements and ensuring that all necessary allocation cycles are set up.
  
  
  
  Correct Posting Errors: 
  
  If you find manual postings in FI that are not reflected in CO, consider reversing or adjusting those postings to ensure consistency.
  Ensure that all necessary cost center assignments are made for the transactions.
  
  
  
  Check Currency Settings: 
  
  Verify that the currency settings are consistent across both modules. If transactions are posted in different currencies, ensure that the conversion rates are correctly applied.
  
  
  
  Use SAP Reports: 
  
  Utilize SAP standard reports to identify discrepancies. Reports like S_ALR_87013611 (Cost Center Report) can help in identifying where the differences lie.
  
  
  
  Consult SAP Notes: 
  
  Check for any relevant SAP Notes that may address known issues related to this error message. SAP Notes can provide patches or additional guidance on resolving specific issues.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KSB1 (Cost Centers: Actual Line Items), FBL3N (G/L Account Line Items), and S_ALR_87013611 (Cost Center Report).
  Documentation: Review SAP documentation related to CO and FI integration, as well as any specific configuration guides for your version of SAP.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the FINS_RECON703 error message.