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

GC834 - Overview

• 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.

GC834 - Details

• 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