How To Fix H1058 - Error occurred when reconciling financing details

H1058 - Overview

• 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