How To Fix G00110 - Item &1 (ret.earnings/annual net income in the I/S) has wrong definition

G00110 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 110

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

What causes this issue?

The income statement item &V1& for posting retained earnings either
does not exist or is not defined as an income statement 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 income statement item for posting
retained earnings.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00110 - Item &1 (ret.earnings/annual net income in the I/S) has wrong definition ?

  The SAP error message G00110 indicates that there is an issue with the definition of a specific item in the financial statements, particularly related to retained earnings or annual net income in the income statement (I/S). This error typically arises during the financial closing process or when generating financial reports.
  
  Cause:
  
  Incorrect Configuration: The item in question (e.g., retained earnings or annual net income) may not be correctly defined in the system. This could be due to incorrect settings in the chart of accounts, financial statement version, or other related configurations.
  Missing or Incorrect Mapping: The item may not be properly mapped to the correct accounts in the financial statement version or may be missing altogether.
  Data Consistency Issues: There may be inconsistencies in the data that are causing the system to flag the item as incorrectly defined.
  Changes in Accounting Principles: If there have been recent changes in accounting standards or principles, the definitions