How To Fix GZ277 - Item is not an income statement item

SAP Error Message - Details

• Message type: E = Error

• Message class: GZ - Message class for FI-LC

• Message number: 277

• Message text: Item is not an income statement item

What causes this issue?

The FS item is not an income statement item.

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?

Here you must enter an income statement item.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GZ277 - Item is not an income statement item ?

  The SAP error message GZ277, which states "Item is not an income statement item," typically occurs in the context of financial reporting or when trying to process certain transactions related to financial statements. This error indicates that the item you are trying to use is not classified as an income statement item in the system.
  Cause:
  
  Incorrect Account Type: The account you are trying to use may not be set up as an income statement account. In SAP, accounts are classified into different categories, such as balance sheet accounts and income statement accounts.
  Configuration Issues: The configuration in the chart of accounts may not include the account as an income statement item.
  Transaction Type: The transaction you are trying to perform may require an income statement account, but you are using a balance sheet account instead.
  Posting Period: The posting period may not be open for the type of transaction you are trying to execute.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account master data in SAP and verify the account type. Ensure that the account is set up as an income statement account (e.g., revenue or expense account).
  You can check this in transaction code FS00 (G/L Account Master Record).
  
  
  
  Review Chart of Accounts:
  
  Ensure that the account is included in the correct chart of accounts and is marked as an income statement account.
  
  
  
  Use Correct Account:
  
  If you are trying to post a transaction that requires an income statement account, make sure you are using the correct account. If necessary, consult with your finance team to identify the appropriate account.
  
  
  
  Check Posting Period:
  
  Ensure that the posting period is open for the type of transaction you are trying to execute. You can check this in transaction code OB52 (Open and Close Posting Periods).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your organization's configuration.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 for G/L account maintenance, OB52 for posting periods, and FBL3N for displaying G/L account line items.
  User Roles: Ensure that you have the necessary authorizations to perform the transactions you are attempting.
  
  If the issue persists after checking these areas, it may be beneficial to reach out to your SAP support team or a consultant for further assistance.