How To Fix G00109 - Item &1 (ret.earnings/annual net income in the B/S) has wrong definition

G00109 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 109

• Message text: Item &1 (ret.earnings/annual net income in the B/S) has wrong definition

What causes this issue?

Balance sheet item &V1& for posting retained earnings either does not
exist or is not intended as a balance sheet item (where-applied
indicator).

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?

Check the definition of the selected items in Customizing for
Consolidation. Specify a valid balance sheet item for posting retained
earnings.

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 G00109 - Item &1 (ret.earnings/annual net income in the B/S) has wrong definition ?

  The SAP error message G00109 indicates that there is an issue with the definition of the item in the balance sheet related to retained earnings or annual net income. This error typically arises during the financial closing process or when generating financial statements.
  
  Cause:
  
  Incorrect Configuration: The item in question may not be correctly defined in the chart of accounts or financial statement version.
  Missing or Incorrect Assignment: The account may not be properly assigned to the correct financial statement item or may be missing altogether.
  Data Entry Errors: There could be manual errors in the account definitions or settings.
  Changes in Accounting Principles: If there have been recent changes in accounting standards or principles, the definitions may need to be updated accordingly.
  
  
  Solution:
  
  
  Check Account Definition:
  
  Go to the transaction code OB52 to check the fiscal year variant and ensure that the retained earnings account is correctly defined.
  Use transaction code FS00 to review the account settings for