How To Fix G00751 - Equity: Other comprehensive income: Item &1 is not an equity item

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 751

• Message text: Equity: Other comprehensive income: Item &1 is not an equity item

What causes this issue?

The items for other retained earnings components must form a subset of
the equity items. However, item &V1& is not an equity item.

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?

In Customizing step <ls>Determine Equity Items and Items for Statistical
Equity Postings</>, enter item &V1& as an equity item and assign a
statistical equity item to this item.
In Customizing step <ls>Determine Items for Minority Interest</>, make
sure that a minority interest item is assigned to item &V1&.

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 G00751 - Equity: Other comprehensive income: Item &1 is not an equity item ?

  The SAP error message G00751 indicates that there is an issue with the classification of an item in the context of equity and other comprehensive income (OCI). Specifically, the error states that the item in question is not recognized as an equity item, which can lead to problems in financial reporting and compliance with accounting standards.
  Cause:
  
  Incorrect Item Classification: The item referenced in the error message may not be properly classified as an equity item in the system. This could be due to incorrect settings in the chart of accounts or the financial statement version.
  Missing Configuration: The item may not have been configured correctly in the system to be recognized as part of equity or OCI.
  Data Entry Errors: There may be errors in the data entry process, leading to the item being incorrectly categorized.
  Accounting Standards Compliance: The item may not meet the criteria set by accounting standards (such as IFRS or GAAP) for being classified as an equity item.
  
  Solution:
  
  Review Item Classification: Check the classification of the item in the chart of accounts. Ensure that it is set up as an equity item.
  Configuration Check: Verify the configuration settings in the SAP system for the financial statement version and ensure that the item is included in the appropriate equity section.
  Correct Data Entry: If the error is due to data entry, correct the entries to ensure that the item is classified correctly.
  Consult Accounting Standards: Review the relevant accounting standards to ensure that the item meets the criteria for classification as an equity item or OCI.
  SAP Notes and Documentation: Check SAP Notes for any known issues or updates related to this error message. SAP may provide specific guidance or patches to resolve the issue.
  Testing: After making changes, perform tests to ensure that the error no longer occurs and that the financial statements reflect the correct classifications.
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for detailed information on equity items and OCI.
  Accounting Standards: Familiarize yourself with the relevant accounting standards (IFRS, GAAP) that govern the classification of equity and OCI items.
  SAP Community: Engage with the SAP Community forums for insights and solutions from other users who may have encountered similar issues.
  Consult with Financial Experts: If necessary, consult with financial experts or SAP consultants who specialize in financial accounting to ensure compliance and correct configuration.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the G00751 error and ensure proper classification of equity items in your SAP system.