How To Fix MQ551 - Error when reconciling company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 551

• Message text: Error when reconciling company code &1

What causes this issue?

An error occurred when reconciling FI-AA and FI-GL in company code
&V1&.

System Response

Reconciliation for this company code was terminated.

How to fix this error?

You can see which errors occurred if you expand all levels of the log.
Correct the errors and start the reconciliation program again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ551 - Error when reconciling company code &1 ?

  The SAP error message MQ551 typically occurs during the reconciliation process of a company code in the context of financial accounting. This error indicates that there is a discrepancy or issue that prevents the successful reconciliation of the specified company code.
  Cause of MQ551 Error
  The MQ551 error can be caused by several factors, including:
  
  Data Inconsistencies: There may be inconsistencies in the financial data, such as unmatched transactions, incorrect postings, or missing entries.
  
  Configuration Issues: Incorrect configuration settings in the financial accounting module or related areas can lead to reconciliation problems.
  Open Items: There may be open items in accounts that need to be cleared before reconciliation can proceed.
  Period Closing Issues: If the financial period is not properly closed or if there are postings in a closed period, this can lead to reconciliation errors.
  Missing Authorizations: Users may not have the necessary authorizations to perform reconciliation tasks.
  
  Solution to MQ551 Error
  To resolve the MQ551 error, you