How To Fix ICA04014 - Converted amount should be used as Reference GC Amount for elimination.

SAP Error Message - Details

• Message type: E = Error

• Message class: ICA04 - ICA Reconcilation Elimination Message

• Message number: 014

• Message text: Converted amount should be used as Reference GC Amount for elimination.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICA04014 - Converted amount should be used as Reference GC Amount for elimination. ?

  The SAP error message ICA04014, which states "Converted amount should be used as Reference GC Amount for elimination," typically occurs in the context of intercompany accounting and consolidation processes. This error indicates that there is a mismatch or inconsistency in the amounts being used for currency conversion during the elimination of intercompany transactions.
  Cause:
  
  Currency Conversion Issues: The error often arises when the system expects a specific converted amount (in Group Currency) for intercompany transactions, but the provided amount does not match the expected value.
  Incorrect Configuration: There may be issues with the configuration of the currency settings in the system, such as incorrect exchange rates or missing conversion settings.
  Data Entry Errors: Manual entry errors in the amounts or currencies involved in intercompany transactions can lead to discrepancies.
  Timing Issues: If the exchange rates are not updated or if the transactions are recorded at different times, it can lead to inconsistencies in the converted amounts.
  
  Solution:
  
  Check Exchange Rates: Ensure that the exchange rates are correctly maintained in the system. Verify that the rates used for conversion are up-to-date and accurate.
  Review Intercompany Transactions: Examine the intercompany transactions for any discrepancies in the amounts or currencies. Ensure that the amounts are correctly entered and that the correct currency is being used.
  Adjust Configuration Settings: If necessary, review the configuration settings related to currency conversion and intercompany accounting. Make sure that the settings align with your organization's accounting policies.
  Use Correct Reference Amounts: Ensure that the correct reference amounts are being used for elimination. This may involve adjusting the entries to match the expected converted amounts.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error in your version of SAP.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBICR3 (for intercompany reconciliation) or FAGLB03 (for general ledger account display) to help analyze the transactions.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP financials and intercompany accounting.