How To Fix GK347 - Equity item & already has an entry

GK347 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 347

• Message text: Equity item & already has an entry

What causes this issue?

The <DS:GLOS.financial_statement_item>equity item</> &V1& already has
an entry.
This could be due to the fact that the items:
are the same
have the same <DS:GLOS.subitem>subitem</> as a subassignment
have the same debit/credit sign

System Response

Error message

How to fix this error?

Specify a different equity item, a different subitem as the
subassignment, or a different debit/credit sign.

Error message extract from SAP system. Copyright SAP SE.

GK347 - Details

• The SAP error message GK347 typically indicates that there is an issue with equity items in the system, specifically that an equity item already has an entry. This can occur in various contexts, such as during the posting of financial transactions or when trying to make adjustments to equity accounts.
  
  Cause:
  
  Duplicate Entries: The error often arises when there is an attempt to post a transaction that would create a duplicate entry for an equity item that already exists in the system.
  Incorrect Posting Period: The posting might be attempted in a period that is already closed or has restrictions.
  
  Configuration Issues: There may be issues with the configuration of the equity accounts or the way they are set up in the system.
  Data Integrity Issues: There could be inconsistencies in the data, such as missing or incorrect entries that lead to conflicts.
  
  
  Solution:
  
  Check Existing Entries: Review the equity item in question to see if there