How To Fix FR655 - Check valuation of account &1: foreign currency &2, local currency &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 655

• Message text: Check valuation of account &1: foreign currency &2, local currency &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR655 - Check valuation of account &1: foreign currency &2, local currency &3 ?

  The SAP error message FR655 indicates an issue with the valuation of an account in a foreign currency and local currency context. This error typically arises during the execution of financial transactions, particularly in the context of foreign currency valuation or when performing month-end closing activities.
  Cause:
  The error message FR655 can be triggered by several factors, including:
  
  Incorrect Configuration: The account in question may not be properly configured for foreign currency valuation in the system.
  Missing Exchange Rates: The required exchange rates for the foreign currency may not be maintained in the system.
  Inconsistent Data: There may be inconsistencies in the data related to the account, such as incorrect balances or postings.
  Currency Type Issues: The currency type used in the transaction may not match the expected currency type for the account.
  Valuation Area Issues: The valuation area may not be set up correctly, leading to issues in how the account is valued.
  
  Solution:
  To resolve the FR655 error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Ensure that the account is set up correctly for foreign currency valuation. This includes checking the account type and ensuring it is allowed for foreign currency transactions.
  
  
  
  Maintain Exchange Rates:
  
  Verify that the necessary exchange rates are maintained in the system. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) and ensuring that the rates for the relevant currencies are present.
  
  
  
  Review Transaction Data:
  
  Check the transaction data for the account in question. Look for any inconsistencies or errors in the postings that may be causing the issue.
  
  
  
  Validate Currency Types:
  
  Ensure that the currency types used in the transaction match the expected currency types for the account. This can be checked in the account master data.
  
  
  
  Check Valuation Areas:
  
  Review the valuation area settings to ensure they are configured correctly. This includes checking the settings in the controlling area and ensuring that the valuation area is active.
  
  
  
  Run Valuation Program:
  
  If applicable, run the foreign currency valuation program (transaction code FAGL_FCV) to re-evaluate the account balances and ensure they are correctly valued.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or support notes related to the FR655 error for additional guidance and troubleshooting steps.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08 (Maintain Exchange Rates)
  FAGL_FCV (Foreign Currency Valuation)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the FR655 error.
  User Roles: Ensure that the user executing the transaction has the necessary authorizations to perform foreign currency valuations.
  
  By following these steps, you should be able to identify and resolve the underlying issue causing the FR655 error in SAP. If the problem persists, consider reaching out to your SAP support team for further assistance.