How To Fix M7516 - Different chart of accounts, currency, or fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: M7 - Inventory Management and Physical Inventory

• Message number: 516

• Message text: Different chart of accounts, currency, or fiscal year

What causes this issue?

The reference (<GL:purchase_order>purchase order</>,
<GL:reservation>reservation</> or <GL:material_document>material
document</>) contains a <GL:company_code>company code</> whose
<GL:chart_of_accounts>chart of accounts</>, <GL:local_currency>local
currency</> or <GL:fiscal_year>fiscal year</> differs from that of the
company code already determined for the document.
This means that the requirement that all company codes involved in a
material document or a reservation have the same chart of accounts, the
same local currency and same fiscal year is not satisfied.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M7516 - Different chart of accounts, currency, or fiscal year ?

  The SAP error message M7516, which states "Different chart of accounts, currency, or fiscal year," typically occurs during financial transactions or postings when there is a mismatch in the configuration settings between the company code and the master data being used. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Different Chart of Accounts: The company code you are trying to post to may be using a different chart of accounts than the one associated with the master data (e.g., vendor, customer, or general ledger account).
  Currency Mismatch: The transaction currency may not match the currency defined for the company code or the master data.
  Fiscal Year Variance: The fiscal year variant assigned to the company code may differ from that of the master data, leading to inconsistencies in posting periods.
  
  Solutions:
  
  
  Check Chart of Accounts:
  
  Verify that the chart of accounts assigned to the company code matches the chart of accounts used in the master data.
  If necessary, update the master data to align with the correct chart of accounts.
  
  
  
  Verify Currency Settings:
  
  Ensure that the currency used in the transaction matches the currency defined for the company code and the master data.
  If there is a need to change the currency, you may need to adjust the transaction or the master data accordingly.
  
  
  
  Review Fiscal Year Variants:
  
  Check the fiscal year variant assigned to the company code and ensure it matches the fiscal year variant of the master data.
  If there is a discrepancy, you may need to adjust the fiscal year settings in the configuration.
  
  
  
  Transaction Type:
  
  Ensure that the transaction type you are using is compatible with the settings of the company code and master data.
  
  
  
  Consult with SAP Configuration:
  
  If the issue persists, consult with your SAP configuration team or a functional consultant to review the settings in the system and make necessary adjustments.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (to check company code settings) and OB22 (to check chart of accounts) to review the configurations.
  Master Data Maintenance: Use transaction codes like FK03 (for vendor master) or FD03 (for customer master) to check the details of the master data.
  Documentation: Refer to SAP documentation or help files for detailed information on configuring charts of accounts, currencies, and fiscal year variants.
  
  By addressing the mismatches in these areas, you should be able to resolve the M7516 error and proceed with your transactions successfully.