How To Fix G0567 - Previous periods still contain goodwill entries

SAP Error Message - Details

• Message type: E = Error

• Message class: G0 - Messages for SAP Consolidation

• Message number: 567

• Message text: Previous periods still contain goodwill entries

What causes this issue?

Goodwill amortization entries will be deleted from period &v1&/&v2&
onwards. However, there are still entries in previous periods that will
not be deleted.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G0567 - Previous periods still contain goodwill entries ?

  The SAP error message G0567, which states "Previous periods still contain goodwill entries," typically occurs in the context of financial accounting and asset management. This error indicates that there are still goodwill entries in previous periods that need to be addressed before you can proceed with certain transactions, such as closing a period or executing a specific financial operation.
  Cause:
  
  Goodwill Entries: The error arises when there are unprocessed or unposted goodwill entries in prior accounting periods. Goodwill is an intangible asset that arises when a company acquires another company for more than the fair value of its net identifiable assets.
  Period Closing: The system prevents closing a period if there are outstanding goodwill entries that have not been fully processed or cleared.
  Incomplete Transactions: There may be incomplete transactions related to goodwill that need to be finalized.
  
  Solution:
  To resolve the G0567 error, you can follow these steps:
  
  
  Identify Goodwill Entries:
  
  Use transaction codes like FBL3N (Display G/L Account Line Items) or S_ALR_87012357 (Asset History) to identify the goodwill entries in the previous periods.
  Check the relevant asset accounts for any goodwill-related postings.
  
  
  
  Review and Process Entries:
  
  Review the identified goodwill entries to determine if they are valid and need to be processed.
  If there are any adjustments or corrections needed, make the necessary journal entries to clear or adjust the goodwill amounts.
  
  
  
  Clear Goodwill Entries:
  
  If the goodwill entries are no longer valid or necessary, you may need to reverse or clear them using appropriate transactions (e.g., FB08 for reversing documents).
  Ensure that all necessary approvals and documentation are in place for any adjustments made.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about how to handle specific goodwill entries, consult with your finance or accounting team for guidance on the appropriate actions to take.
  
  
  
  Re-attempt the Transaction:
  
  Once all goodwill entries have been addressed, re-attempt the transaction that triggered the G0567 error.
  
  
  
  Related Information:
  
  Goodwill Accounting: Understanding how goodwill is accounted for in SAP is crucial. Goodwill is typically recorded as an intangible asset and is subject to periodic impairment testing.
  SAP Notes: Check SAP Notes and documentation for any specific guidance or updates related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes for asset accounting and financial reporting in SAP, such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  
  By following these steps, you should be able to resolve the G0567 error and proceed with your financial operations in SAP.