How To Fix G06192 - Offsetting items for Other Comprehensive Income are not defined

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 192

• Message text: Offsetting items for Other Comprehensive Income are not defined

What causes this issue?

You have activated the <LS>Other Comprehensive Income in Total
Divestiture</> function in the system utilization of consolidation of
investments.
However, you have not determined any offsetting items (that is, items
used for the offsetting entry for posting other comprehensive income
with an effect on net income).

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 for consolidation of investments under <LS>Other
Comprehensive Income, Offsetting Items</> (transaction CXH6), assign
more items for offsetting entries to the items for Other Comprehensive
Income.
The offsetting items for posting Other Comprehensive Income with an
effect on income in total divestitures can be located either in the
balance sheet or the income statement. The offsetting items assigned to
the various Other Comprehensive Income items do not need to be
different. You can also use the same offsetting item for debit and
credit postings.

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 G06192 - Offsetting items for Other Comprehensive Income are not defined ?

  The SAP error message G06192, which states "Offsetting items for Other Comprehensive Income are not defined," typically occurs in the context of financial reporting and accounting within SAP systems, particularly when dealing with Other Comprehensive Income (OCI) items. This error indicates that the system cannot find the necessary configuration for offsetting items related to OCI.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the necessary configuration for offsetting items related to Other Comprehensive Income has not been set up in the system.
  Incorrect Account Assignment: There may be an issue with the account assignments in the financial documents that are being processed, leading to the system not being able to find the corresponding OCI accounts.
  Data Entry Errors: Incorrect or incomplete data entry in the financial documents can also lead to this error.
  
  Solution:
  To resolve the G06192 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the section for Financial Accounting (FI) or Financial Reporting.
  Look for the configuration related to Other Comprehensive Income and ensure that the offsetting items are properly defined.
  Specifically, check the settings for the relevant account types and ensure that the necessary accounts for OCI are assigned correctly.
  
  
  
  Define Offsetting Items:
  
  If the offsetting items are not defined, you will need to create them. This typically involves defining the accounts that will be used for offsetting OCI items in the system.
  You may need to consult with your finance team or SAP consultant to ensure that the correct accounts are being used.
  
  
  
  Review Account Assignments:
  
  Check the account assignments in the financial documents that are causing the error. Ensure that they are correctly assigned to the appropriate OCI accounts.
  Make sure that the accounts used in the transactions are valid and active.
  
  
  
  Test Transactions:
  
  After making the necessary changes, test the transactions again to see if the error persists. If it does, further investigation may be needed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed guidance on configuring Other Comprehensive Income and offsetting items.
  
  
  
  Seek Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide assistance based on your specific configuration and requirements.
  
  
  
  Related Information:
  
  Other Comprehensive Income (OCI): OCI includes revenues, expenses, gains, and losses that are excluded from net income on the income statement. It is important for reporting purposes and is often related to items such as foreign currency translation adjustments, unrealized gains and losses on certain investments, and pension plan adjustments.
  SAP Financial Accounting (FI): This module is responsible for managing financial transactions and reporting in SAP. Proper configuration is crucial for accurate financial reporting.
  SAP Notes and Knowledge Base Articles: Check SAP's support portal for any relevant notes or articles that may address this specific error message or provide additional troubleshooting steps.
  
  By following these steps, you should be able to identify and resolve the cause of the G06192 error in your SAP system.