How To Fix GLE_MCA518 - Equivalent account configuration missing for position account &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 518

• Message text: Equivalent account configuration missing for position account &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA518 - Equivalent account configuration missing for position account &1 ?

  The SAP error message GLE_MCA518, which states "Equivalent account configuration missing for position account &1," typically occurs in the context of financial accounting and controlling when there is a missing configuration for an equivalent account in the system. This error is often related to the configuration of the General Ledger (G/L) accounts, particularly in the context of managing parallel accounting or different accounting principles.
  Cause:
  
  Missing Configuration: The error indicates that there is no equivalent account defined for the specified position account. This can happen if the necessary configuration for parallel accounting (e.g., IFRS vs. local GAAP) is not set up correctly.
  Incorrect Account Assignment: The account being referenced may not have been assigned an equivalent account in the system, which is required for certain transactions.
  Data Migration Issues: If data has been migrated from another system, it is possible that the equivalent account configurations were not transferred correctly.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Prepare G/L Account Creation.
  Ensure that the equivalent accounts are defined for the relevant G/L accounts.
  
  
  
  Define Equivalent Accounts:
  
  If the equivalent account is missing, you will need to create or assign it. This can be done in the G/L account master data.
  Use Transaction Code: FS00 to access the G/L account master data and check the settings for the account in question.
  
  
  
  Review Parallel Accounting Settings:
  
  If your organization uses parallel accounting, ensure that the settings for the accounting principles are correctly configured.
  Check the configuration for the accounting principles in the system to ensure that they are aligned with the G/L accounts.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on setting up equivalent accounts and parallel accounting configurations.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00 (G/L Account Master Data)
  SPRO (SAP Reference IMG)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to G/L account configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.