How To Fix GC301 - Contra item & is not defined

GC301 - Overview

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 301

• Message text: Contra item & is not defined

What causes this issue?

The contra item &V1& for financial statement item &V2& is not defined.

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?

Create the FS item &V1& or assign an existing contra item to FS item
&V2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GC301 - Contra item & is not defined ?

  The SAP error message GC301, which states "Contra item & is not defined," typically occurs in the context of financial transactions, particularly when dealing with General Ledger (G/L) accounts or when posting journal entries. This error indicates that the system cannot find a corresponding contra account for the specified item in the transaction.
  
  Cause:
  
  Missing Configuration: The contra account may not be defined in the system for the specific transaction type or posting.
  Incorrect Account Assignment: The account being used in the transaction may not be set up correctly in the configuration settings.
  Posting Key Issues: The posting key used in the transaction may not be compatible with the account type or may not have a defined contra account.
  Account Type Mismatch: The account type being used may not have a defined contra account in the configuration.
  
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (FI) > General Ledger