How To Fix GK266 - Item &1/Subitem &2: Discrepancy btw. chgs in investee eqty and totals DB

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 266

• Message text: Item &1/Subitem &2: Discrepancy btw. chgs in investee eqty and totals DB

What causes this issue?

There is an inconsistency between the sum of individual book values in
the changes in investee equity table and the correponding entry in the
totals database for item &V1&/subitem &V2&. Either the entry in the
totals database or at least one book value in the changes in investee
equity table is incorrect.
Equity &V3& <> &V4& Totals Database.

System Response

How to fix this error?

For the above item/subitem, check the book values for changes in
investee equity and the sum of the book values in the totals database,
and make the necessary corrections.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK266 - Item &1/Subitem &2: Discrepancy btw. chgs in investee eqty and totals DB ?

  The SAP error message GK266 indicates a discrepancy between the changes in the equity of an investee and the total amounts recorded in the database. This error typically arises in the context of financial accounting and consolidation processes, particularly when dealing with investments in subsidiaries or associates.
  Cause:
  
  Data Entry Errors: Incorrect or inconsistent data entries in the equity accounts of the investee can lead to discrepancies.
  Timing Issues: Differences in the timing of transactions recorded in the investee's financial statements versus the parent company's records can cause mismatches.
  Currency Conversion: If the investee operates in a different currency, discrepancies may arise from incorrect currency conversion rates or timing.
  Changes in Ownership: Any changes in ownership percentages or additional investments not properly recorded can lead to discrepancies.
  Consolidation Settings: Incorrect settings in the consolidation configuration can also lead to mismatches in equity calculations.
  
  Solution:
  
  Review Data Entries: Check the entries for the investee's equity changes and ensure they are accurately reflected in the parent company's records.
  Reconcile Accounts: Perform a reconciliation of the investee's equity accounts with the totals in the parent company's financial statements.
  Check Timing: Ensure that all transactions are recorded in the correct periods and that there are no timing differences.
  Currency Adjustments: Verify that currency conversions are applied correctly and consistently.
  Adjust Consolidation Settings: Review and adjust the consolidation settings in SAP to ensure they align with the accounting policies and practices.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidance on handling this error.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB03 (Display Document), FBL3N (G/L Account Line Items), and OB52 (Open and Close Posting Periods) to help investigate the issue.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that users have the appropriate roles and authorizations to access and modify the relevant financial data.
  Training: Consider training for users involved in financial reporting and consolidation to minimize errors in data entry and processing.
  
  By following these steps, you should be able to identify the root cause of the GK266 error and implement the necessary corrections to resolve it.