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

SAP Error Message - Details

• 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 the item in question.
  
  
  
  Review Financial Statement Version:
  
  Use transaction code OB58 to check the financial statement version and ensure that the item is correctly assigned to the appropriate line item.
  
  
  
  Adjust Configuration:
  
  If the account is not correctly defined, you may need to adjust the configuration in the chart of accounts or financial statement version.
  Ensure that the retained earnings account is set up correctly in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to financial accounting to ensure compliance with the latest accounting standards.
  
  
  
  Testing:
  
  After making changes, run a test to see if the error persists. You can do this by generating the financial statement again.
  
  
  
  Consult with SAP Support:
  
  If the issue persists after checking the configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Fiscal Year Variant
  FS00: G/L Account Master Record
  OB58: Financial Statement Version
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Review the SAP Financial Accounting (FI) module documentation for best practices in account setup and configuration.
  
  By following these steps, you should be able to identify and resolve the issue related to the G00109 error message in SAP.