How To Fix MQ555 - Differences between assets and G/L accts in the balance carried forward

MQ555 - Overview

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 555

• Message text: Differences between assets and G/L accts in the balance carried forward

What causes this issue?

Differences occurred in the balance carried forward when comparing
asset summary records and G/L accounts.

How to fix this error?

Using program RFEWSBAL, select the accounts for which differences
occurred. To do this, proceed as follows:
Changeover package: Active package
Phase: ANALYZE
Origin of change: AS
<DS:TRAN.EWF1>Proceed</>
Analyze the accounts containing errors using note 104567.
If the document number field contains the entry "W004", this means that
although a difference exists in the balance carried forward, this
difference was charged off at the key date. Following local currency
changeover, the system adjusts the currency differences at the key date
only, but not in the balance carried forward.
If the entry "W004" exists for all affected accounts, the status is set
to warning instead of error. If the correction at key date described
above proves sufficient, you can continue changing over the local
currency without additional adjustments in the previous year.
However, SAP does recommend that you make corrections in the previous
year in line with note 104567 since this ensures that the balance
carried forward is also reconciled.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ555 - Differences between assets and G/L accts in the balance carried forward ?

  The SAP error message MQ555 indicates that there are discrepancies between the asset balances and the corresponding General Ledger (G/L) accounts during the balance carryforward process. This error typically arises during the year-end closing process when the system attempts to carry forward balances from one fiscal year to the next.
  Causes of MQ555 Error
  
  
  Data Inconsistencies: There may be inconsistencies between the asset accounting and the G/L accounts. This can happen if there are manual adjustments or postings that have not been properly reflected in both areas.
  
  
  Unposted Transactions: Transactions related to assets that have not been posted to the G/L accounts can lead to discrepancies.
  
  
  Incorrect Configuration: Configuration issues in the asset accounting settings or G/L account settings can cause mismatches.
  
  
  Missing or Incorrectly Defined Account Determination: If the account determination for asset transactions is not set up correctly, it can lead to differences.
  
  
  Currency Differences: If there are currency conversion issues, especially in companies