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 can take the following steps:
  
  
  Check for Data Inconsistencies:
  
  Review the financial documents and postings for the company code in question.
  Use transaction codes like FB03 (Display Document) to check individual documents for discrepancies.
  
  
  
  Clear Open Items:
  
  Use transaction code F-32 (Clear Customer) or F-44 (Clear Vendor) to clear any open items that may be causing the issue.
  
  
  
  Review Configuration Settings:
  
  Ensure that the configuration settings for the company code are correct. This includes checking the settings for account determination, fiscal year variant, and other relevant parameters.
  
  
  
  Check Period Closing:
  
  Verify that the financial period is open for posting. Use transaction code OB52 to check the status of the posting periods.
  
  
  
  Authorization Check:
  
  Ensure that the user performing the reconciliation has the necessary authorizations. This can be checked with the help of your SAP security team.
  
  
  
  Run Reconciliation Reports:
  
  Use transaction codes like S_ALR_87012357 (Reconciliation of Accounts) to generate reports that can help identify discrepancies.
  
  
  
  Consult SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address the MQ551 error specifically. There may be patches or updates that can resolve known issues.
  
  
  
  Contact SAP Support:
  
  If the issue persists after trying the above solutions, consider reaching out to SAP Support for further assistance.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB03, F-32, F-44, and S_ALR_87012357 for troubleshooting.
  Documentation: Review SAP documentation related to financial accounting and reconciliation processes for best practices.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the underlying cause of the MQ551 error during the reconciliation process.