How To Fix GLE_MCA573 - Keep account balances in foreign currency in MCA companies

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 573

• Message text: Keep account balances in foreign currency in MCA companies

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA573 - Keep account balances in foreign currency in MCA companies ?

  The SAP error message GLE_MCA573 indicates that there is an issue with keeping account balances in foreign currency for Multi-Currency Accounting (MCA) companies. This error typically arises when there is a configuration or data issue related to currency settings in the financial accounting module.
  Cause:
  
  Currency Configuration: The company code or the specific account may not be configured to allow for foreign currency balances.
  Account Settings: The account in question may not be set up to handle foreign currency transactions.
  MCA Settings: The Multi-Currency Accounting settings may not be properly configured for the company code.
  Transaction Type: The transaction being processed may not be compatible with foreign currency accounting.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the configuration settings for the company code in transaction code OBY6 and ensure that the currency settings are correctly defined.
  Ensure that the currency type is set to allow for foreign currency balances.
  
  
  
  Review Account Settings:
  
  Check the account settings in transaction code FS00 to ensure that the account is set up to allow foreign currency transactions.
  Make sure that the account is marked as a "Foreign Currency Account" if applicable.
  
  
  
  Verify MCA Configuration:
  
  Use transaction code OBY6 to check the MCA settings for the company code. Ensure that the settings allow for foreign currency balances.
  Ensure that the relevant currency types are activated for the MCA.
  
  
  
  Transaction Review:
  
  Review the transaction being processed to ensure that it is compatible with foreign currency accounting.
  If necessary, adjust the transaction type or the currency used in the transaction.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring foreign currency settings in MCA.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (Company Code Global Settings), FS00 (G/L Account Master Record), and FB50 (General Ledger Document Entry) for troubleshooting.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant or your organization's SAP support team for further assistance.