How To Fix GLE_MCA706 - Only Open Item Managed GL Accounts are allowed for Valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 706

• Message text: Only Open Item Managed GL Accounts are allowed for Valuation

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA706 - Only Open Item Managed GL Accounts are allowed for Valuation ?

  The SAP error message GLE_MCA706 indicates that you are trying to perform a valuation on a General Ledger (GL) account that is not set up to be managed as an open item. This error typically arises in the context of financial accounting when you attempt to execute a transaction that requires open item management for a GL account that is not configured that way.
  
  Cause:
  
  Account Configuration: The GL account you are trying to use for valuation is not set up as an open item managed account. Open item management is a feature that allows for the tracking of outstanding items in accounts, which is essential for certain types of financial transactions.
  Transaction Type: The transaction you are attempting to execute requires the GL account to be open item managed, but the account is configured as a balance sheet account without this feature.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account