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

GLE_MCA707 - Overview

• 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