How To Fix GLE_MCA707 - Offsetting account cannot be reconciliation or open item managed account

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 707

• Message text: Offsetting account cannot be reconciliation or open item managed account

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA707 - Offsetting account cannot be reconciliation or open item managed account ?

  The SAP error message GLE_MCA707 indicates that the offsetting account in a transaction cannot be a reconciliation account or an open item managed account. This error typically arises during financial postings, such as when trying to create a journal entry or a transaction that involves offsetting accounts.
  Cause:
  
  
  Reconciliation Account: The account you are trying to use as an offsetting account is a reconciliation account. Reconciliation accounts are special types of accounts in SAP that are used to aggregate data from sub-ledgers (like accounts receivable or accounts payable) and cannot be used for direct postings.
  
  
  Open Item Management: The offsetting account is set up for open item management. This means that the account is designed to track individual items that need to be cleared, and it cannot be used in a transaction that does not clear items.
  
  
  Solution:
  
  
  Change the Account: Review the account you are trying to use as the offsetting account. If it is a reconciliation account or an open item managed account, you will need to select a different account that is not subject to these restrictions.
  
  
  Check Account Configuration: If you believe the account should be usable, check the configuration of the account in the SAP system. You can do this by navigating to the account in the chart of accounts and reviewing its settings. Ensure that it is not marked as a reconciliation account or open item managed if it should be used in this context.
  
  
  Consult with Finance Team: If you are unsure about which accounts to use or the implications of changing account settings, consult with your finance or accounting team. They can provide guidance on the appropriate accounts to use for your specific transaction.
  
  
  Transaction Type: Ensure that the type of transaction you are trying to perform is appropriate for the accounts involved. Some transactions may have specific requirements regarding the types of accounts that can be used.
  
  
  Related Information:
  
  SAP Documentation: Refer to SAP's official documentation for more details on account types, reconciliation accounts, and open item management.
  Transaction Codes: You may use transaction codes like FS00 to view and edit account master data, or FB50 for general ledger postings, to troubleshoot the issue.
  Error Logs: Check the error logs or messages in the SAP system for additional context or related errors that may help in diagnosing the issue.
  
  By following these steps, you should be able to resolve the GLE_MCA707 error and successfully complete your financial transaction in SAP.