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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK347 - Equity item & already has an entry ?

  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 are already existing entries. You can do this by using transaction codes like FBL3N (Display G/L Account Line Items) to check the G/L account for any existing postings.
  Correct Posting Period: Ensure that you are trying to post in the correct period. If the period is closed, you may need to open it or post in a different period.
  Review Configuration: Check the configuration settings for the equity accounts in the Financial Accounting (FI) module to ensure they are set up correctly.
  Data Consistency Check: Run a data consistency check to identify any discrepancies in the equity items. This can often be done through transaction codes like SE38 to run specific reports or programs that check for data integrity.
  Consult Documentation: Refer to SAP documentation or help files for specific guidance on handling equity items and related transactions.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (G/L Account Document Entry), F-02 (General Posting), and FBL3N (Display G/L Account Line Items).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for GK347 in the SAP Support Portal.
  User Roles and Authorizations: Ensure that the user attempting the transaction has the necessary authorizations to post to the equity accounts.
  
  By following these steps, you should be able to identify the cause of the GK347 error and implement a solution to resolve it.