How To Fix GK688 - Reported equity data: Bad subitem set

GK688 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 688

• Message text: Reported equity data: Bad subitem set

What causes this issue?

You specified the set &V2& as a subitem set when reporting investee
equity data for activity &v1&. This set is not a subitem set.

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?

For activity &V1&, enter a set of subitems in the field 'Subitem set'.

Error message extract from SAP system. Copyright SAP SE.

GK688 - Details

• The SAP error message GK688, which states "Reported equity data: Bad subitem set," typically occurs in the context of financial reporting, particularly when dealing with equity data in the General Ledger (GL) or during the preparation of financial statements. This error indicates that there is an issue with the subitems associated with equity data, which may not be correctly defined or may not match the expected configuration in the system.
  Causes:
  
  Incorrect Configuration: The subitems for equity accounts may not be properly configured in the system. This could be due to missing or incorrect settings in the chart of accounts or the financial statement version.
  Data Inconsistency: There may be inconsistencies in the data entered for equity accounts, such as incorrect postings or missing entries.
  Missing Master Data: The master data for the equity accounts or subitems may be incomplete or not set up correctly.
  Version Issues: The financial statement version being used may not