How To Fix G00753 - Equity: Other comprehensive income: Item &1 is not an income stmt. item

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 753

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

What causes this issue?

The items for posting the other retained earnings components in
inventory-managing total divestiture have to be in the income statement.
However, item &V1& is not an income statement 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?

Only enter income statement items for posting the other retained
earnings components in total divestiture.

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 G00753 - Equity: Other comprehensive income: Item &1 is not an income stmt. item ?

  The SAP error message G00753 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 income statement item, which is necessary for it to be included in the other comprehensive income section.
  Cause:
  
  Incorrect Item Classification: The item you are trying to post or process is not classified correctly in the system. It may not be set up as an income statement item in the chart of accounts.
  Missing Configuration: The configuration for the financial statement version may not include the item as part of the income statement.
  Posting Period Issues: The posting period may not be open for the type of transaction you are trying to execute.
  Data Entry Errors: There may be a mistake in the data entry, such as using the wrong account or item code.
  
  Solution:
  
  
  Check Item Classification:
  
  Go to the chart of accounts and verify that the item (account) is classified as an income statement item. It should be set up to allow postings related to other comprehensive income.
  
  
  
  Review Financial Statement Version:
  
  Check the financial statement version configuration to ensure that the item is included in the income statement section. You can do this in transaction code OB58 or through the relevant configuration path in SPRO.
  
  
  
  Verify Posting Period:
  
  Ensure that the posting period is open for the transaction you are trying to execute. You can check this in transaction code OB52.
  
  
  
  Correct Data Entry:
  
  Double-check the data entry for any mistakes. Ensure that you are using the correct account number and that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or your internal SAP support team for further guidance on the specific configuration and setup for your organization.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with transaction codes such as OB58 (Financial Statement Version) and OB52 (Open/Close Posting Periods) for configuration checks.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to account classifications or financial statement versions.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.