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

GLE_MCA518 - Overview

• 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.

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GLE_MCA518 - Details

• 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