How To Fix GCS008 - Retained earnings + appropriation of ret. earnings not equal to zero

SAP Error Message - Details

• 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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 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 accounts to ensure they are correctly balanced.
  Review Closing Entries: Ensure that all necessary closing entries have been posted correctly. This includes checking for any missing entries that should have been made during the year-end closing process.
  Verify Appropriations: Check the appropriations of retained earnings to ensure that they are correctly calculated and that the total appropriations equal the retained earnings.
  Adjust Manual Entries: If there are manual adjustments, ensure that they are properly documented and that corresponding entries are made to maintain balance.
  Run Reports: Use SAP reports (like the balance sheet or retained earnings report) to identify discrepancies and understand where the issue lies.
  Consult Configuration: If the issue persists, consult with your SAP configuration team to ensure that the financial settings are correctly configured.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FBL3N (G/L Account Line Item Display) to review account entries or S_ALR_87012301 (Balance Sheet) to check the balances.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation or help files for detailed information on retained earnings and year-end closing processes.
  
  If the problem continues after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP financials for further assistance.