How To Fix GK689 - Reported equity data: Item is either not defined or erroneous

GK689 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 689

• Message text: Reported equity data: Item is either not defined or erroneous

What causes this issue?

At least one of the subitems which you specified in subitem set &V2&
when reporting investee equity data for activity &V1& is not
defined, or is incorrectly defined. Either:
an item specified as a single value is not defined, or
the breakdown category assigned to an item which is defined as a
single value or contained in a range 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?

Check:
whether the items specified as single values in set &V2& exist, and
whether the breakdown categories for the items contained in set &V2&
exist.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK689 - Reported equity data: Item is either not defined or erroneous ?

  The SAP error message GK689, which states "Reported equity data: Item is either not defined or erroneous," typically occurs in the context of financial reporting, particularly when dealing with equity data in the SAP system. This error can arise due to several reasons, and understanding the cause is essential for finding an appropriate solution.
  Causes:
  
  
  Undefined Equity Item: The equity item being referenced in the report may not be defined in the system. This could happen if the item was not set up correctly in the configuration or if it has been deleted or deactivated.
  
  
  Incorrect Configuration: There may be issues with the configuration settings related to equity reporting. This includes missing or incorrect settings in the financial statement version or the chart of accounts.
  
  
  Data Entry Errors: There could be errors in the data entry process, such as typos or incorrect account assignments that lead to the system not recognizing the equity item.
  
  
  Missing