How To Fix G06073 - One or more prior year key figures is not equal to zero; please correct

SAP Error Message - Details

• Message type: E = Error

• Message class: G06 - SAP Cons - Error Message re. Consolidation of Investments

• Message number: 073

• Message text: One or more prior year key figures is not equal to zero; please correct

What causes this issue?

When goodwill in local currency arises in the current fiscal year, all
key figures that refer to prior years must be equal to zero. This
applies to the following key figures - both in local currency and group
currency:
Original book value, prior year
Divestiture, original book value, prior year
Currency translation difference for original value prior year, in prior
year
Valuation allowance in income statement, prior year
Currency translation difference for valuation allowance in income
statement, prior year
In the current goodwill entry, at least one of these key figures does
not equal zero.

System Response

The system automatically sets these key figures to zero.

How to fix this error?

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

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 G06073 - One or more prior year key figures is not equal to zero; please correct ?

  The SAP error message G06073 indicates that there are one or more prior year key figures in your financial data that are not equal to zero. This typically occurs during the closing process of a financial year when the system expects that all prior year key figures should be zero before proceeding with the current year's postings or adjustments.
  Cause:
  
  Uncleared Balances: There may be outstanding balances from the previous year that have not been cleared or adjusted.
  Incorrect Adjustments: Adjustments or corrections made in the prior year may not have been properly accounted for, leading to non-zero balances.
  Data Entry Errors: Manual entries or postings may have been made incorrectly, resulting in non-zero key figures.
  Open Items: There may be open items in accounts that have not been resolved, leading to discrepancies in the prior year figures.
  
  Solution:
  
  Review Prior Year Transactions: Check the transactions and postings made in the prior year to identify any that may not have been cleared or adjusted.
  Clear Open Items: If there are open items in accounts, ensure they are cleared or resolved. This may involve making additional postings or adjustments.
  Adjust Key Figures: If there are legitimate reasons for the non-zero balances, you may need to make adjustments to the key figures to bring them to zero.
  Consult Financial Reports: Use financial reports to analyze the balances and identify the source of the discrepancies.
  Run Year-End Closing Procedures: Ensure that all year-end closing procedures have been followed correctly, including any necessary adjustments or reconciliations.
  Seek Help from Finance Team: If you are unable to resolve the issue, consult with your finance or accounting team for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes (like FBL3N for G/L account line items) to review account balances and transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for guidelines on year-end closing processes and handling prior year adjustments.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial data, as some actions may require specific user roles.
  
  By following these steps, you should be able to identify and correct the issues causing the G06073 error message in SAP.