How To Fix FINCS_MD_FSITEM029 - Elimination target FS item must not be a reporting item.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINCS_MD_FSITEM - Consolidation Financial Statement Item Master Data

• Message number: 029

• Message text: Elimination target FS item must not be a reporting item.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINCS_MD_FSITEM029 - Elimination target FS item must not be a reporting item. ?

  The SAP error message FINCS_MD_FSITEM029 indicates that there is an issue with the configuration of financial statement items in the context of consolidation. Specifically, the error states that the elimination target financial statement (FS) item must not be a reporting item. This typically occurs during the consolidation process when trying to set up or execute eliminations.
  Cause:
  The error is caused by attempting to use a financial statement item that is designated for reporting purposes as a target for elimination. In SAP, financial statement items are categorized into different types, such as reporting items and elimination items. Reporting items are used to display data in financial reports, while elimination items are used to remove intercompany transactions to avoid double counting.
  Solution:
  To resolve this error, you need to ensure that the financial statement item you are trying to use for elimination is correctly configured. Here are the steps you can take:
  
  
  Check FS Item Configuration:
  
  Go to the configuration settings for financial statement items in your SAP system.
  Verify that the FS item you are using as the elimination target is not marked as a reporting item. It should be configured as an elimination item.
  
  
  
  Modify FS Item Settings:
  
  If the FS item is incorrectly set as a reporting item, you will need to change its configuration to allow it to be used for eliminations.
  This can typically be done in the SAP GUI under the relevant configuration path (e.g., in the Financial Consolidation settings).
  
  
  
  Review Elimination Rules:
  
  Ensure that the elimination rules you have set up are correctly defined and that they reference the appropriate FS items.
  
  
  
  Test the Changes:
  
  After making the necessary changes, test the consolidation process again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to the SAP documentation or help resources for guidance on setting up financial statement items and elimination rules.
  
  
  
  Seek Support:
  
  If the issue continues after checking the configuration, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in financial consolidation.
  
  
  
  Related Information:
  
  Financial Statement Items: These are used in the context of financial reporting and consolidation. They need to be properly categorized to ensure accurate reporting and elimination of intercompany transactions.
  Consolidation Process: Understanding the overall consolidation process in SAP can help in troubleshooting issues related to financial statement items and eliminations.
  SAP Notes and Community: Check SAP Notes for any known issues or patches related to this error message. The SAP Community forums can also be a valuable resource for finding solutions shared by other users.
  
  By following these steps, you should be able to resolve the FINCS_MD_FSITEM029 error and ensure that your financial consolidation process runs smoothly.