How To Fix GK685 - Reported equity data: Item set does not exist.

GK685 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 685

• Message text: Reported equity data: Item set does not exist.

What causes this issue?

You specified set &V2& as an FS item set when reporting investee equity
data for activity &v1&. This set does not exist.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Create item set &V2& or specify an existing item set for activity &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK685 - Reported equity data: Item set does not exist. ?

  The SAP error message GK685, which states "Reported equity data: Item set does not exist," typically occurs in the context of financial reporting, particularly when dealing with equity data in the SAP system. This error indicates that the system is unable to find the specified item set for reported equity data, which can hinder the generation of financial reports or the execution of certain transactions.
  Causes:
  
  Missing Item Set: The item set that is being referenced in the report or transaction does not exist in the system. This could be due to incorrect configuration or data entry.
  Incorrect Configuration: The configuration settings for equity reporting may not be set up correctly, leading to the system not recognizing the item set.
  Data Migration Issues: If data has been migrated from another system or if there have been recent changes to the data structure, the item set may not have been properly transferred or updated.
  Authorization Issues: