How To Fix GLE_MCA162 - Balance in local currency is not zero; set values for functional currency

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 162

• Message text: Balance in local currency is not zero; set values for functional currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA162 - Balance in local currency is not zero; set values for functional currency ?

  The SAP error message GLE_MCA162 indicates that there is an imbalance in the local currency for a particular transaction or account, and it suggests that you need to set values for the functional currency to resolve the issue. This error typically arises during the posting of journal entries or during the execution of financial transactions in SAP.
  
  Cause:
  
  Imbalance in Local Currency: The primary cause of this error is that the total debits do not equal the total credits in the local currency for the transaction being processed.
  Missing Functional Currency Values: The system requires that both local and functional currency values are provided, and if the functional currency values are missing or incorrect, it can lead to this error.
  Currency Conversion Issues: If there are issues with currency conversion rates or if the rates are not maintained properly in the system, it can lead to discrepancies.
  Incorrect Account Settings: The accounts involved may not