How To Fix G00375 - Life of goodwill amortization/reduction not specified in global settings

G00375 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 375

• Message text: Life of goodwill amortization/reduction not specified in global settings

What causes this issue?

The global C/I settings are inconsistently defined in regards to the
treatment of (negative)
<DS:GLOS.3526B7A1AFAB52B9E10000009B38F974>goodwill</>. This might be
caused by one of the following:

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

The amortization of (negative) goodwill was selected, but there is no
entry for the life of the amortization.
The periodic reduction of (negative) goodwill was selected, but there
is no entry for the length of this process.

System Response

Error message

How to fix this error?

Check the entries for the life (length) of the amortization and
periodic reduction of the (negative) goodwill in the global settings
for C/I (Customizing). Particularly, also look at the goodwill-related
entries in the C/I system utilization (in C/I Customizing).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00375 - Life of goodwill amortization/reduction not specified in global settings ?

  The SAP error message G00375 indicates that the system requires a specification for the life of goodwill amortization or reduction in the global settings, but this has not been defined. This error typically arises in the context of financial accounting and asset management, particularly when dealing with goodwill and intangible assets.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the global settings for the amortization or reduction period of goodwill have not been configured in the system.
  Incorrect Asset Class Settings: The asset class associated with the goodwill may not have the necessary settings for amortization defined.
  Transaction Context: The error may occur during specific transactions that involve the posting or adjustment of goodwill, such as acquisitions or mergers.
  
  
  Solution:
  To resolve the G00375 error, you can follow these steps:
  
  
  Access Global Settings:
  
  Navigate to the configuration settings in SAP. This is typically done through the transaction code SPRO (SAP Project Reference Object).
  Go to Financial