How To Fix G00103 - Retained earnings/annual net income differ in B/S and I/S for &1 (LC)

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 103

• Message text: Retained earnings/annual net income differ in B/S and I/S for &1 (LC)

What causes this issue?

For consolidation unit &V1&, the retained earnings and annual net
income were calculated by summing up the balance sheet and the income
statement. This resulted in two different values in local currency.
Thus, the data contains an error.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Sometimes the reported data can contain balance sheet and income
statement totals that are principally different. For example, this
often occurs in business area or profit center consolidation because
the balance sheet data is incomplete. When this occurs, you have the
option of posting the difference between the income statement total and
the balance sheet total to a balance sheet item. Note: If you defined a
balancing adjustment item in IMG, and the consolidation unit has the
integrated consolidation type "business area consolidation" or "profit
center consolidation", the system automatically determines a balancing
adjustment and posts it.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00103 - Retained earnings/annual net income differ in B/S and I/S for &1 (LC) ?

  The SAP error message G00103 indicates a discrepancy between the retained earnings or annual net income reported in the Balance Sheet (B/S) and the Income Statement (I/S) for a specific company code (denoted by &1). This error typically arises during the year-end closing process or when running financial reports, and it can be caused by several factors.
  Causes:
  
  Incorrect Closing Entries: If the closing entries for the fiscal year have not been posted correctly, it can lead to differences in retained earnings.
  Unposted Transactions: Transactions that should have been posted to the income statement or balance sheet may not have been recorded.
  Manual Adjustments: Manual adjustments made to either the balance sheet or income statement without corresponding adjustments in the other can cause discrepancies.
  Currency Translation Differences: If the company operates in multiple currencies, differences in currency translation can lead to inconsistencies.
  Incorrect Configuration: Issues with the configuration of the financial statements or the chart of accounts can also lead to this error.
  
  Solutions:
  
  Review Closing Entries: Check the closing entries for the fiscal year to ensure they have been posted correctly. Make sure that all necessary entries have been made.
  Check for Unposted Transactions: Review the transaction logs to identify any transactions that have not been posted. Ensure that all relevant transactions are recorded.
  Reconcile Financial Statements: Perform a reconciliation of the balance sheet and income statement to identify where the discrepancies lie. This may involve checking individual accounts and their balances.
  Adjust Manual Entries: If manual adjustments were made, ensure that corresponding adjustments are made in both the balance sheet and income statement.
  Review Configuration Settings: Check the configuration settings in SAP for the financial statements and the chart of accounts to ensure they are set up correctly.
  Run Reports: Use SAP reports to analyze the retained earnings and net income figures. Reports such as the trial balance or balance sheet can help identify discrepancies.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FBL3N (G/L Account Line Items), FS10N (G/L Account Balance), or S_ALR_87012284 (Balance Sheet) to analyze account balances and transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for guidelines on year-end closing procedures and financial reporting.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP to further investigate the discrepancy.