How To Fix H1058 - Error occurred when reconciling financing details

SAP Error Message - Details

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 058

• Message text: Error occurred when reconciling financing details

What causes this issue?

An error occurred when the financing assignment was being reconciled.

System Response

The financing assignment was not reconciled.

How to fix this error?

Contact the person responsible for the overall budget.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1058 - Error occurred when reconciling financing details ?

  The SAP error message H1058, which states "Error occurred when reconciling financing details," typically arises during the reconciliation process in financial transactions, particularly when dealing with financing or loan-related data. This error can occur for various reasons, and understanding the cause is crucial for resolving it.
  Causes:
  
  Data Inconsistencies: There may be inconsistencies in the financial data being reconciled, such as mismatched amounts, incorrect account assignments, or missing entries.
  Configuration Issues: Incorrect configuration settings in the financial module or related components can lead to reconciliation errors.
  Missing Master Data: Required master data (like customer/vendor accounts, financial documents, etc.) may be missing or incorrectly set up.
  Transaction Errors: Errors in the underlying transactions, such as incorrect postings or incomplete transactions, can trigger this error.
  Authorization Issues: Lack of proper authorizations for the user attempting the reconciliation can also lead to this error.
  
  Solutions:
  
  Check Data Consistency: Review the financial data involved in the reconciliation process. Ensure that all amounts match and that there are no discrepancies in the accounts.
  Review Configuration Settings: Verify the configuration settings in the financial module. Ensure that all necessary settings for financing and reconciliation are correctly configured.
  Validate Master Data: Ensure that all required master data is present and correctly maintained. Check for any missing or incorrect entries in customer/vendor accounts or financial documents.
  Analyze Transaction Logs: Look into the transaction logs to identify any errors or warnings that occurred during the posting of financial transactions. Correct any identified issues.
  Check Authorizations: Ensure that the user has the necessary authorizations to perform the reconciliation. If not, work with your SAP security team to grant the required permissions.
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes or patches that may address this specific error. Sometimes, there are known issues with specific versions of SAP that have been documented and resolved.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and FBL5N (Customer Line Item Display) to analyze the financial data.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  Documentation: Review SAP documentation related to financial reconciliation processes for best practices and troubleshooting steps.
  
  If the issue persists after trying the above solutions, it may be beneficial to involve your SAP support team or consult with an SAP expert for further assistance.