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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK688 - Reported equity data: Bad subitem set ?

  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 be compatible with the equity data being reported.
  
  Solutions:
  
  Check Configuration: Review the configuration of the equity accounts and their associated subitems in the chart of accounts. Ensure that all necessary settings are correctly defined.
  Validate Data: Perform a data validation check to ensure that all equity postings are correct and that there are no missing entries. This may involve reviewing transaction logs and postings.
  Review Master Data: Ensure that all relevant master data for equity accounts and subitems is complete and correctly set up. This includes checking the account groups and their settings.
  Financial Statement Version: Verify that the financial statement version being used is appropriate for the equity data being reported. If necessary, adjust the version settings or select a different version.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error message, as it may provide additional insights or troubleshooting steps.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB52 (for fiscal year variant), FS00 (for account master data), or S_ALR_87012301 (for financial statement reports) to investigate and resolve the issue.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide patches and updates that could resolve the issue.
  Support: If the issue persists after attempting the above solutions, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the GK688 error message in SAP.