How To Fix MQ747 - Group currency has not been reconciled

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 747

• Message text: Group currency has not been reconciled

What causes this issue?

The <LS>Reconcile group currency</> indicator must be selected to adapt
the group currency amounts to the local currency amounts.

System Response

Error message

How to fix this error?

Check the settings on the request screen.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ747 - Group currency has not been reconciled ?

  The SAP error message MQ747, which states "Group currency has not been reconciled," typically occurs in the context of financial reporting and consolidation processes. This error indicates that there is a discrepancy in the group currency balances that need to be addressed before proceeding with further financial operations or reporting.
  
  Cause:
  
  Inconsistent Data: The group currency balances in different ledgers or accounts may not match due to inconsistencies in data entry, currency conversion rates, or posting errors.
  Unposted Transactions: There may be unposted transactions or documents that have not been included in the reconciliation process.
  Currency Translation Issues: Problems with currency translation during the consolidation process can lead to discrepancies in group currency balances.
  
  Configuration Issues: Incorrect configuration in the financial settings related to group currency can also lead to this error.
  
  
  Solution:
  
  
  Reconcile Balances: 
  
  Check the balances in the group currency across different ledgers and accounts. Ensure that they match and are consistent.
  Use transaction codes like