How To Fix GCS102 - Total assets does not equal total liability

GCS102 - Overview

• Message type: E = Error

• Message class: GCS - SAP Consolidation: Validations

• Message number: 102

• Message text: Total assets does not equal total liability

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GCS102 - Total assets does not equal total liability ?

  The SAP error message GCS102, which states "Total assets does not equal total liabilities," typically occurs during the financial closing process or when running financial reports. This error indicates that the accounting equation (Assets = Liabilities + Equity) is not balanced, which is a fundamental principle in accounting.
  Causes:
  
  Data Entry Errors: Incorrect entries in the general ledger can lead to discrepancies between total assets and total liabilities.
  Missing Transactions: Some transactions may not have been recorded, leading to an imbalance.
  Incorrect Account Assignments: Transactions may have been posted to the wrong accounts, affecting the totals.
  Currency Translation Issues: If multiple currencies are involved, conversion errors can lead to discrepancies.
  Unposted Documents: There may be documents that are not yet posted, which can affect the totals.
  
  Configuration Issues: Incorrect configuration in the financial settings or chart of accounts can lead to imbalances.
  
  Solutions:
  
  Review Journal Entries: Check all journal entries for accuracy. Ensure that all entries are posted correctly