How To Fix GC834 - Item & cannot be posted to (retained earnings)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 834

• Message text: Item & cannot be posted to (retained earnings)

What causes this issue?

The FS item to be posted is not permitted since it is an item, which is
posted automatically by the program.
Such items are <GL:retained_earnings>retained earnings</> on the
balance sheet and income statement and are referred to as
<GL:selected_item>selected FS items.</>

System Response

Error message

How to fix this error?

Choose a FS item other than retained earnings.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GC834 - Item & cannot be posted to (retained earnings) ?

  The SAP error message GC834 indicates that an item cannot be posted to retained earnings. This error typically arises during the posting of financial transactions, particularly in the context of year-end closing processes or when trying to post adjustments to retained earnings accounts.
  Cause:
  
  Incorrect Account Type: The account you are trying to post to may not be configured as a retained earnings account in the system.
  Posting Period Issues: The posting period may be closed, preventing any further postings to retained earnings.
  Account Configuration: The account may not be set up correctly in the chart of accounts or may not have the necessary settings for posting.
  Transaction Type Restrictions: Certain transaction types may not allow postings to retained earnings accounts.
  Fiscal Year Settings: The fiscal year may not be properly defined or may have restrictions on postings to retained earnings.
  
  Solution:
  
  Check Account Configuration: Verify that the account you are trying to post to is indeed a retained earnings account and is configured correctly in the chart of accounts.
  Open Posting Period: Ensure that the posting period is open for the transaction date you are trying to post. You can check this in the transaction code OB52.
  Review Transaction Type: Make sure that the transaction type you are using allows postings to retained earnings accounts.
  Fiscal Year Settings: Check the fiscal year settings in the system to ensure that they are correctly defined and that there are no restrictions on postings to retained earnings.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific configurations related to retained earnings postings.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 (to open/close posting periods), FS00 (to check account settings), or FBL3N (to view account balances).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Authorization: Ensure that you have the necessary authorizations to post to the retained earnings account.
  Consult with Finance Team: If you are unsure about the correct account or posting procedures, consult with your finance or accounting team for guidance.
  
  If the issue persists after checking these areas, it may be beneficial to engage with your SAP support team for further investigation.