How To Fix GN002 - Annual net income <> inc.stmt bal.

SAP Error Message - Details

• Message type: E = Error

• Message class: GN - SAP Consolidation: Message Texts for Validations

• Message number: 002

• Message text: Annual net income <> inc.stmt bal.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GN002 - Annual net income <> inc.stmt bal. ?

  The SAP error message GN002, which states "Annual net income <> inc. stmt bal," typically occurs during the financial closing process when there is a discrepancy between the annual net income calculated in the system and the balance shown in the income statement. This error can arise due to various reasons, including incorrect postings, missing entries, or configuration issues.
  Causes:
  
  Incorrect Journal Entries: There may be incorrect or missing journal entries that affect the net income calculation.
  Timing Differences: Transactions may not have been posted in the correct fiscal period, leading to discrepancies.
  Configuration Issues: The financial settings or account assignments may not be correctly configured.
  Currency Translation: If there are foreign currency transactions, discrepancies may arise from currency translation differences.
  Manual Adjustments: Manual adjustments made to the financial statements may not be reflected in the underlying accounts.
  
  Solutions:
  
  Review Journal Entries: Check all journal entries related to the income statement accounts to ensure they are correct and complete.
  Reconcile Accounts: Perform a reconciliation of the income statement accounts to identify any discrepancies.
  Check Configuration: Verify the configuration settings in the financial module to ensure they are set up correctly.
  Adjust Timing: Ensure that all transactions are posted in the correct fiscal period and that any necessary adjustments are made.
  Run Reports: Use SAP reports to analyze the income statement and net income calculations to identify where the discrepancies are occurring.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on resolving this error.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL3N (Display G/L Account Line Items) and S_ALR_87012284 (Income Statement) to help analyze the data.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Engage with SAP user forums or communities for insights from other users who may have encountered and resolved similar issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant with expertise in SAP FI (Financial Accounting) to conduct a more in-depth analysis.