How To Fix G00104 - Retained earnings/annual net income differ in B/S and I/S for &1 (GC)

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 104

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

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 group 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 G00104 - Retained earnings/annual net income differ in B/S and I/S for &1 (GC) ?

  The SAP error message G00104 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, leading to discrepancies.
  Manual Adjustments: Manual adjustments made to either the balance sheet or income statement without corresponding adjustments in the other can cause this error.
  Incorrect Configuration: Issues with the configuration of the financial statements or the way accounts are set up in the chart of accounts can lead to inconsistencies.
  Data Migration Issues: If data was migrated from another system, there may be inconsistencies in how retained earnings were calculated or reported.
  
  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.
  Reconcile Accounts: Perform a reconciliation of the retained earnings account and the net income reported in the income statement. Identify any discrepancies and correct them.
  Check for Unposted Transactions: Review any transactions that may not have been posted to the financial statements. Ensure that all relevant transactions are recorded.
  Adjust Manual Entries: If manual adjustments were made, verify that they are reflected in both the balance sheet and income statement. Make necessary adjustments to align the figures.
  Configuration Review: Check the configuration settings in SAP for the financial statements. Ensure that the accounts are set up correctly and that the reporting structure is accurate.
  Consult Documentation: Refer to SAP documentation or support resources for guidance on resolving this specific error message.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FS00 (to check account settings), FBL3N (to view line items for G/L accounts), and S_ALR_87012284 (to view balance sheet and income statement) to investigate the issue further.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Consult with Finance Team: Collaborate with your finance team to ensure that all financial reporting practices are being followed correctly and that there are no underlying issues with the financial data.
  
  By following these steps, you should be able to identify and resolve the cause of the G00104 error in SAP.