How To Fix FR616 - Adjusting entries for clearing transactions created

FR616 - Overview

• 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.

FR616 - Details

• 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:
  
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