How To Fix FSBP_FISCAL_YEAR028 - Retained earnings for own shares cannot be negative (fiscal year &1)

FSBP_FISCAL_YEAR028 - Overview

• Message type: E = Error

• Message class: FSBP_FISCAL_YEAR - Fiscal Year Information

• Message number: 028

• Message text: Retained earnings for own shares cannot be negative (fiscal year &1)

Self-Explanatory Message

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FSBP_FISCAL_YEAR028 - Details

• The SAP error message FSBP_FISCAL_YEAR028 indicates that there is an issue with the retained earnings for own shares in a specific fiscal year. This error typically arises when the system detects that the retained earnings account for own shares is being set to a negative value, which is not permissible.
  
  Cause:
  
  
  Negative Retained Earnings: The primary cause of this error is an attempt to post a transaction that would result in negative retained earnings for own shares. This can happen if:
  
  There are incorrect postings or adjustments made to the retained earnings account.
  There are errors in the configuration of the financial statements or account assignments.
  The closing entries for the fiscal year have not been processed correctly.
  
  
  
  Incorrect Configuration: The configuration of the financial accounting settings may not align with the business rules regarding retained earnings and own shares.
  
  
  Data Entry Errors: Manual entries or batch uploads that incorrectly affect the retained earnings account can lead