How To Fix FQM504 - Reconcilization for account &1 (&2) started

SAP Error Message - Details

• Message type: E = Error

• Message class: FQM - Financial Quantity Management Message Class

• Message number: 504

• Message text: Reconcilization for account &1 (&2) started

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FQM504 - Reconcilization for account &1 (&2) started ?

  The SAP error message FQM504 indicates that a reconciliation process for a specific account has been initiated. This message is typically part of the Financial Accounting (FI) module and is related to the reconciliation of accounts, which is a crucial process in ensuring that the financial records are accurate and up-to-date.
  Cause:
  The error message FQM504 itself does not indicate a problem but rather informs you that the reconciliation process for the specified account (denoted by &1 and &2) has started. However, if you are encountering issues related to this message, it could be due to:
  
  Concurrent Reconciliation Processes: Another reconciliation process might already be running for the same account.
  Configuration Issues: There may be configuration settings in the system that are not set up correctly for the reconciliation process.
  Data Integrity Issues: There could be inconsistencies or errors in the data that are preventing the reconciliation from completing successfully.
  
  Solution:
  To address the situation indicated by the FQM504 message, consider the following steps:
  
  
  Check for Running Processes: Verify if another reconciliation process is currently running for the same account. You can do this by checking the job logs or transaction SM37 (Job Monitoring) in SAP.
  
  
  Review Configuration: Ensure that the reconciliation settings for the account are correctly configured. This may involve checking the account settings in the Financial Accounting module.
  
  
  Monitor the Reconciliation Process: If the reconciliation has started, monitor its progress. You can check transaction FBL3N (G/L Account Line Item Display) or other relevant transactions to see if the reconciliation is progressing or if there are any errors.
  
  
  Check for Errors: If the reconciliation process fails or does not complete, check the logs for any error messages that may provide more context on what went wrong.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific details on the reconciliation process and any prerequisites that need to be met.
  
  
  Contact Support: If the issue persists and you cannot determine the cause, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL3N (G/L Account Line Item Display), F.01 (Financial Statement), and F.13 (Automatic Account Reconciliation).
  SAP Notes: Check SAP Notes for any known issues or patches related to the reconciliation process.
  User Roles: Ensure that the user executing the reconciliation has the necessary authorizations to perform the task.
  
  By following these steps, you should be able to address the situation related to the FQM504 message and ensure that the reconciliation process is completed successfully.