How To Fix K5060 - & records for reversal were reported to Financial Accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: K5 - CO Reconciliation Ledger

• Message number: 060

• Message text: & records for reversal were reported to Financial Accounting

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message K5060 - & records for reversal were reported to Financial Accounting ?

  The SAP error message K5060 typically indicates that there are issues related to the reversal of cost accounting documents that have already been reported to Financial Accounting (FI). This error can occur in various scenarios, such as when trying to reverse a cost center or internal order transaction that has already been posted to FI.
  Cause:
  
  
  Document Already Posted to FI: The primary cause of this error is that the cost accounting document you are trying to reverse has already been posted to the Financial Accounting module. This means that the financial impact of the transaction has been recognized in the FI module, and reversing it directly in CO (Controlling) is not allowed without addressing the FI side first.
  
  
  Inconsistent Data: There may be inconsistencies between the CO and FI documents, which can prevent the reversal from being processed.
  
  
  Posting Period Issues: The posting period may be closed in FI, which can also lead to this error when attempting to reverse a document.
  
  
  Solution:
  
  
  Check Document Status: Verify the status of the document you are trying to reverse. Ensure that it has not already been reversed or that there are no subsequent postings that would affect the reversal.
  
  
  Reversal in FI: If the document has been posted to FI, you may need to reverse the corresponding FI document first. This can be done using transaction codes like FB08 (for reversing accounting documents) or other relevant transactions depending on your specific scenario.
  
  
  Open Posting Period: Ensure that the posting period is open in both CO and FI. If the period is closed, you may need to open it temporarily to perform the reversal.
  
  
  Consult with Finance Team: If you are unsure about the implications of reversing a document in FI, consult with your finance team or SAP support to ensure that you follow the correct procedures.
  
  
  Use Transaction Codes: Use transaction codes like KSB1 (for cost center reports) or KOB1 (for order reports) to analyze the transactions and understand the context of the error.
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific notes related to error K5060, as there may be updates or patches that address this issue.
  Documentation: Review SAP documentation related to CO and FI integration to understand how postings are managed between these modules.
  User Roles: Ensure that you have the necessary authorizations to perform reversals in both CO and FI.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult the SAP community for further assistance.