How To Fix GK690 - Reported equity data: Subitem not defined.

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 690

• Message text: Reported equity data: Subitem not defined.

What causes this issue?

At least one of the subitems which you specified as single values in
subitem set &V2& when reporting investee equity data for activity &V1&
is not defined.

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?

Please check whether the subitems specified as single values 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 GK690 - Reported equity data: Subitem not defined. ?

  The SAP error message GK690, which states "Reported equity data: Subitem not defined," typically occurs in the context of financial reporting, particularly when dealing with equity accounts in the General Ledger (GL). This error indicates that the system is unable to find a defined subitem for the equity data being reported.
  Cause:
  
  Missing Subitem Definition: The most common cause of this error is that the subitem for the equity account has not been defined in the system. Subitems are used to further categorize financial data and are essential for accurate reporting.
  Incorrect Configuration: There may be a configuration issue in the financial reporting settings or in the chart of accounts.
  Data Entry Errors: There could be a mistake in the data entry where the subitem is expected but not provided.
  Missing Master Data: The master data for the equity account may not be properly set up, leading to the inability to report on it.
  
  Solution:
  
  
  Define the Subitem:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the section for defining subitems for equity accounts.
  Ensure that the necessary subitems are created and properly linked to the relevant equity accounts.
  
  
  
  Check Configuration:
  
  Review the configuration of the chart of accounts and ensure that all necessary settings for equity accounts and their subitems are correctly defined.
  Ensure that the reporting structure is set up to include the required subitems.
  
  
  
  Review Master Data:
  
  Check the master data for the equity accounts to ensure that all required fields, including subitems, are filled out correctly.
  If necessary, update the master data to include the missing subitem.
  
  
  
  Data Entry Verification:
  
  Verify the data entry process to ensure that all required fields are being filled out correctly when entering financial data.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling equity accounts and subitems.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBY6: For defining the chart of accounts.
  FS00: For managing GL account master data.
  SPRO: For accessing the configuration settings.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional context or solutions that may not be covered in standard documentation.
  
  
  User Roles and Permissions: Ensure that the user attempting to make changes has the necessary permissions to modify account settings and configurations.
  
  
  By following these steps, you should be able to resolve the GK690 error and ensure that your equity reporting is accurate and complete. If the issue persists, consider reaching out to your SAP support team for further assistance.