How To Fix FR616 - Adjusting entries for clearing transactions created

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 616

• Message text: Adjusting entries for clearing transactions created

What causes this issue?

Postings were created for adjusting the realized exchange rate
differences.
The adjusting entries are created as part of the valuation of foreign
currency items, provided that the attribute <ZH>Delta Logic of Foreign
Currency Valuation</> is activated in the respective valuation area.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

When a valuation run evaluates an open item, the valuation difference is
posted as an unrealized exchange rate difference. This adjustment
posting is not revoked due to the delta logic. The subsequent
transaction, which posts the realized exchange rate difference, does not
take into account the amount of the unrealized valuation difference when
computing the realized exchange rate difference. For this reason, the
next execution of the foreign currency valuation creates postings that
adjust the realized exchange rate differences accordingly.
The following occurs in the context discussed above:
Clearing of foreign currency items:
The clearing document of a valuated foreign currency item does not
contain an exchange rate difference item, which is used to revoke the
valuation difference on the balance sheet adjustment account. The amount
of the realized exchange rate difference in the clearing document
reflects the total exchange rate difference between the posting date and
the clearing date, and, therefore, ignores the exchange rate difference
that was posted in the valuation run.
Partial payments with period-based posting of exchange rate differences:
When partial payments are posted with a document type in which the <ZH>
exchange rate differences partial payments by period</> indicator is
selected, the system determines the amount of the apportioned realized
exchange rate difference without taking into account the valuation
difference of the referenced invoice item.
Therefore, subsequent adjustment entries need to be posted to the
balance sheet adjustment account or the P<(>&<)>L accounts for the
realized exchange rate differences. These postings were created during
the current valuation run. The items that caused this are displayed in
the <ZH>Cleared Items</> list of the valuation program.

System Response

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR616 - Adjusting entries for clearing transactions created ?

  The SAP error message FR616, which states "Adjusting entries for clearing transactions created," typically occurs in the context of financial accounting and is related to the clearing of transactions in the system. This error can arise due to various reasons, often linked to issues with the configuration of clearing accounts, incorrect transaction postings, or inconsistencies in the data.
  Causes:
  
  Incorrect Clearing Account Configuration: The clearing accounts may not be set up correctly in the system, leading to issues when trying to clear transactions.
  Posting Errors: There may be errors in the original postings that need to be corrected before clearing can occur.
  Inconsistent Data: Data inconsistencies, such as mismatched amounts or incorrect document types, can prevent successful clearing.
  Open Items: There may be open items that are not cleared, which can lead to this error when trying to process new transactions.
  Authorization Issues: Lack of proper authorization to perform clearing transactions can also trigger this error.
  
  Solutions:
  
  Check Clearing Account Configuration: Review the configuration of the clearing accounts in the system. Ensure that they are set up correctly and that the necessary settings are in place.
  Review Transaction Postings: Go through the relevant transaction postings to identify any errors. Correct any discrepancies found in the postings.
  Clear Open Items: Ensure that all open items are cleared before attempting to process new transactions. This may involve manually clearing items or adjusting postings.
  Data Consistency Check: Run consistency checks on the data to identify and resolve any inconsistencies that may be causing the error.
  Authorization Review: Check the user’s authorization settings to ensure they have the necessary permissions to perform clearing transactions.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and FBL5N (Customer Line Item Display) to review open items and transaction details.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common errors.
  Consult Documentation: Review SAP documentation related to financial accounting and clearing processes for best practices and troubleshooting steps.
  Engage with Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify the root cause of the FR616 error and implement the necessary solutions to resolve it.