How To Fix MQ537 - Balances are not managed in local currency for account & company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 537

• Message text: Balances are not managed in local currency for account & company code &

What causes this issue?

You have defined account &V1& in Customizing for adjustment category
001. The adjustment item from the document conversion is generated in
this account with the local currency changeover. The balances must be
managed in local currency for this account.

System Response

CASE &V3&.
WHEN 'REP'.
The program remains in the status ERROR.
WHEN 'CUS'.
ENDCASE.

How to fix this error?

CASE &V3&.
WHEN 'REP'.
Change the account control for account &V1& in company code &V2&.
WHEN 'CUS'.
Check whether company code &V2& is potentially converted. In this case
you should change the account control for this account.
ENDCASE.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ537 - Balances are not managed in local currency for account & company code & ?

  The SAP error message MQ537 indicates that the balances for a specific account and company code are not managed in local currency. This typically occurs when you are trying to perform a transaction that requires local currency management, but the account settings do not support it.
  Cause:
  
  Account Configuration: The account in question is configured to not manage balances in local currency. This can happen if the account is set up to use a different currency or if it is a non-financial account.
  Company Code Settings: The company code may have settings that do not allow for local currency management for certain accounts.
  Transaction Type: The type of transaction being performed may require local currency management, but the account settings do not align with this requirement.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account master data (transaction code FS00) and check the settings for the specific account. Ensure that the account is set to manage balances in local currency.
  If necessary, adjust the account settings to allow for local currency management.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings (transaction code OX02) to ensure that local currency management is enabled for the relevant accounts.
  Make sure that the local currency is correctly defined for the company code.
  
  
  
  Transaction Review:
  
  Review the transaction you are trying to perform. Ensure that it is appropriate for the account type and that it aligns with the currency management settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP support team for specific guidance on how to adjust account settings or company code configurations.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Display/Change G/L Account Master Data
  OX02: Company Code Global Settings
  
  
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles: Ensure that you have the necessary permissions to make changes to account settings or company code configurations.
  
  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 for further assistance.