How To Fix G00408 - Carryforward item &1 &3 is not contained in reported equity data

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 408

• Message text: Carryforward item &1 &3 is not contained in reported equity data

What causes this issue?

If the equity is read from the totals database, the reported equity
data must also contain the carryforward items and subitems that are
allocated to each combination of equity item and subitem.
However, this is not the case with carryforward item &V1& &V3& .

System Response

Error

How to fix this error?

Either include the item &V1& &V3& in the reported equity data, or
change the reported equity data so that the reported items to be
carried forward also include the subitems.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00408 - Carryforward item &1 &3 is not contained in reported equity data ?

  The SAP error message G00408 indicates that there is an issue with carryforward items in the context of financial reporting, specifically related to equity data. This error typically arises during the year-end closing process or when generating financial statements, and it suggests that the carryforward item specified is not found in the reported equity data.
  Cause:
  
  Missing Data: The carryforward item may not be included in the equity data due to missing or incomplete entries in the financial records.
  Incorrect Configuration: There may be configuration issues in the financial accounting settings that prevent the carryforward item from being recognized.
  Posting Errors: Errors in previous postings or incorrect account assignments can lead to discrepancies in the equity data.
  Data Migration Issues: If data was migrated from another system, there may be inconsistencies or missing entries in the equity data.
  
  Solution:
  
  Check Equity Data: Verify that the carryforward item is correctly included in the equity data. This can be done by reviewing the relevant financial statements and reports.
  Review Configuration: Ensure that the financial accounting configuration is set up correctly, particularly in relation to carryforward items and equity accounts.
  Correct Posting Errors: Investigate and correct any posting errors that may have occurred in the past. This may involve adjusting journal entries or reclassifying accounts.
  Data Consistency Check: Run consistency checks in the system to identify any discrepancies in the financial data.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling carryforward items and equity data.
  Engage Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL3N (G/L Account Line Items) or S_ALR_87012301 (Balance Sheet) to analyze the data.
  Year-End Closing Process: Understand the steps involved in the year-end closing process, as this is often when such errors are encountered.
  SAP Notes: Check for any SAP Notes related to error G00408, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed and resolved.
  
  By following these steps, you should be able to identify the root cause of the G00408 error and implement a solution to resolve it.