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

SAP Error Message - Details

• 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 that operate in multiple currencies, this can lead to discrepancies.
  
  
  Solutions to MQ555 Error
  
  
  Check Asset Balances: Review the asset balances in the Asset Accounting (AA) module and compare them with the balances in the G/L accounts. Use transaction codes like AW01N (Asset Explorer) and FS10N (G/L Account Balance Display) to verify balances.
  
  
  Reconcile Accounts: Perform a reconciliation between the asset accounts and the G/L accounts. Identify any discrepancies and investigate the root cause.
  
  
  Post Missing Transactions: Ensure that all relevant asset transactions have been posted to the G/L. If any transactions are missing, post them accordingly.
  
  
  Review Configuration: Check the configuration settings for asset accounting and G/L account determination. Ensure that they are set up correctly and align with your business processes.
  
  
  Use Transaction ABR: If you find discrepancies, you can use transaction ABR (Balance Adjustment) to adjust the asset balances to match the G/L accounts.
  
  
  Run Reports: Utilize SAP reports such as S_ALR_87011963 (Asset Balances) and S_ALR_87011964 (G/L Account Balances) to identify discrepancies.
  
  
  Consult SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide guidance on resolving discrepancies.
  
  
  Seek Help from SAP Support: If the issue persists and cannot be resolved internally, consider reaching out to SAP support for assistance.
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AW01N: Asset Explorer
  FS10N: G/L Account Balance Display
  ABR: Balance Adjustment
  S_ALR_87011963: Asset Balances Report
  S_ALR_87011964: G/L Account Balances Report
  
  
  
  Documentation: Review SAP documentation and user guides related to Asset Accounting and G/L account management for best practices and troubleshooting steps.
  
  
  Training: Consider training sessions for users involved in asset accounting and financial closing processes to minimize errors in the future.
  
  
  By following these steps, you should be able to identify and resolve the discrepancies causing the MQ555 error in SAP.