How To Fix FIQA_LOC554 - Balances by periods information were not fetched correctly

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 554

• Message text: Balances by periods information were not fetched correctly

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIQA_LOC554 - Balances by periods information were not fetched correctly ?

  The SAP error message FIQA_LOC554, which states "Balances by periods information were not fetched correctly," typically occurs in the context of financial reporting or when trying to access balance information in the Financial Accounting (FI) module. This error can arise due to various reasons, and here are some common causes, potential solutions, and related information:
  Causes:
  
  Data Inconsistency: There may be inconsistencies in the underlying data, such as missing or incorrect entries in the database.
  Configuration Issues: Incorrect configuration settings in the financial module or related components can lead to this error.
  Authorization Issues: The user may not have the necessary authorizations to access the balance information.
  Technical Issues: There could be technical problems, such as issues with the database or the application server.
  Period Closing: If the financial periods are not closed properly, it may lead to issues in fetching balances.
  
  Solutions:
  
  
  Check Data Consistency:
  
  Run consistency checks in the system to identify and correct any data inconsistencies.
  Use transaction codes like FB03 to review document entries and ensure they are correct.
  
  
  
  Review Configuration:
  
  Verify the configuration settings in the Financial Accounting module. Ensure that all necessary settings for balance reporting are correctly configured.
  Check the settings in transaction OB52 to ensure that the periods are open for posting.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access the balance information. This can be checked in transaction SU53 after the error occurs.
  
  
  
  Technical Troubleshooting:
  
  Check the system logs (transaction SM21) for any related error messages that could provide more context.
  If there are database issues, consider running database consistency checks or consulting with your technical team.
  
  
  
  Period Closing:
  
  Ensure that the financial periods are properly closed. If there are open periods that should be closed, follow the appropriate procedures to close them.
  
  
  
  Re-run the Report:
  
  Sometimes, simply re-running the report or transaction can resolve temporary issues.
  
  
  
  Related Information:
  
  SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error. SAP Notes often provide patches or workarounds for known issues.
  Documentation: Review the SAP documentation for the Financial Accounting module to ensure that all configurations and processes are being followed correctly.
  Community Forums: Consider checking SAP Community forums or other user groups for similar issues and solutions shared by other users.
  
  If the issue persists after trying the above solutions, it may be necessary to engage with SAP support or your internal IT team for further investigation.