How To Fix G00114 - &1: Ret. earnings/annual net income differ in LC and GC

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 114

• Message text: &1: Ret. earnings/annual net income differ in LC and GC

What causes this issue?

The local currency key and the group currency key are the same for
consolidation unit &V1&. Therefore, retained earnings and annual net
income should be the same for both of the respective amount fields. The
retained earnings/annual net income values are derived from the income
statement for each of the two amount fields. However, these contain
different values.

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 and compare the reported values in the two amount fields.

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 G00114 - &1: Ret. earnings/annual net income differ in LC and GC ?

  The SAP error message G00114 indicates a discrepancy between the retained earnings or annual net income in local currency (LC) and group currency (GC). This error typically arises during the year-end closing process or when performing financial reporting tasks, particularly in environments where multiple currencies are used.
  Cause:
  
  Currency Translation Issues: The retained earnings or net income may not have been correctly translated between local and group currencies.
  Incorrect Configuration: There may be issues with the configuration of the currency settings in the financial accounting module.
  Posting Errors: There could be incorrect postings or adjustments made in either local or group currency that have not been properly accounted for.
  Differences in Reporting Periods: If the reporting periods for local and group currencies are not aligned, it can lead to discrepancies.
  Manual Adjustments: Manual adjustments made to either local or group currency figures without corresponding adjustments in the other currency can cause this error.
  
  Solution:
  
  Check Currency Settings: Verify the configuration settings for currencies in the financial accounting module. Ensure that the local and group currencies are correctly defined.
  Review Financial Statements: Examine the financial statements for any discrepancies in postings. Look for any manual adjustments that may have been made.
  Reconcile Accounts: Perform a reconciliation of the retained earnings and net income accounts in both local and group currencies to identify any differences.
  Run Currency Translation: If applicable, run the currency translation process to ensure that all amounts are correctly converted and reflected in both currencies.
  Adjust Postings: If discrepancies are found, make the necessary adjustments to ensure that the retained earnings and net income figures match in both currencies.
  Consult Documentation: Refer to SAP documentation or support for specific steps related to your version of SAP, as the process may vary.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FB03 (Display Document), FBL3N (G/L Account Line Items), or S_ALR_87012284 (Balance Sheet) to investigate the accounts involved.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that users have the appropriate roles and permissions to make necessary adjustments in the system.
  Testing: After making adjustments, perform a test run of the year-end closing process to ensure that the error does not reoccur.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.