How To Fix FV062 - Closing balance does not correspond to next opening balance &

FV062 - Overview

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 062

• Message text: Closing balance does not correspond to next opening balance &

What causes this issue?

The closing balance of the account statement &V2& does not match the
opening balance &V1& of the statement &V3& &V4&.

System Response

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

How to fix this error?

Check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FV062 - Closing balance does not correspond to next opening balance & ?

  The SAP error message FV062, which states "Closing balance does not correspond to next opening balance," typically occurs in the context of financial accounting when there is a discrepancy between the closing balance of a previous period and the opening balance of the current period. This can happen for various reasons, including data entry errors, incorrect postings, or issues with the configuration of the financial system.
  Causes:
  
  Data Entry Errors: Incorrect postings or manual entries that do not align with the expected balances.
  Incorrect Period Closing: If the previous period was not closed properly, it can lead to discrepancies in balances.
  Missing Transactions: Transactions that should have been posted in the previous period may have been omitted.
  
  Configuration Issues: Incorrect settings in the financial module or account settings can lead to balance discrepancies.
  Currency Conversion Issues: If there are currency conversions involved, discrepancies can arise from incorrect exchange rates or conversion methods.
  
  Solutions:
  
  Review Previous Period Balances: Check