What is manual correction of position account in SAP FI-GL-CU-MCA - Multi Currency Accounting?

SAP Term: manual correction of position account

• Component: FI-GL-CU-MCA

• Component Name: Multi Currency Accounting

• Description: You cannot post directly to position accounts and equivalent value accounts. This transaction enables you to post corrections directly to position accounts and equivalent value accounts. You can make postings to equivalent accounts in the functional currency only.

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• Key Concepts: 
  Manual correction of position account is a feature of Multi Currency Accounting (MCA) in SAP Financial Accounting (FI-GL-CU). It allows users to manually adjust the position account balance of a currency in the system. This is done by entering a manual correction entry in the system, which is then posted to the position account. 
  
  How to use it: 
  To use manual correction of position account, users must first enter a manual correction entry in the system. This entry should include the currency, amount, and reason for the adjustment. Once this entry is saved, it will be posted to the position account and the balance will be adjusted accordingly. 
  
  Tips & Tricks: 
  When entering a manual correction entry, it is important to ensure that all information is accurate and complete. This will help ensure that the adjustment is posted correctly and that the balance of the position account is accurate. 
  
  Related Information: 
  For more information on manual correction of position account in SAP Financial Accounting (FI-GL-CU), please refer to SAP Help documentation or contact your local SAP support team.