Message type: E = Error
Message class: GCS - SAP Consolidation: Validations
Message number: 008
Message text: Retained earnings + appropriation of ret. earnings not equal to zero
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GCS008
- Retained earnings + appropriation of ret. earnings not equal to zero ?The SAP error message GCS008 indicates that there is a discrepancy in the retained earnings and the appropriation of retained earnings in the financial statements. This error typically arises during the year-end closing process when the system checks the balances of retained earnings accounts.
Cause: Unbalanced Entries: The retained earnings account may have unbalanced entries, meaning that the total debits do not equal the total credits. Incorrect Appropriation: There may be an incorrect appropriation of retained earnings, where the amounts allocated do not sum up to the total retained earnings. Missing Closing Entries: If the closing entries for the fiscal year have not been posted correctly, it can lead to discrepancies. Manual Adjustments: Manual adjustments made to the retained earnings account without corresponding entries can also cause this error.
Configuration Issues: Incorrect configuration in the financial settings or account determination can lead to this issue.
Solution: Check Account Balances: Review the balances of the retained earnings and appropriation
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