How To Fix GZ281 - Item is not a financial statement item

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 281

• Message text: Item is not a financial statement item

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 GZ281 - Item is not a financial statement item ?

  The SAP error message GZ281, which states "Item is not a financial statement item," typically occurs in the context of financial reporting or when trying to generate financial statements in SAP. This error indicates that the item you are trying to use or report on is not recognized as a valid financial statement item in the system.
  Causes:
  
  Incorrect Configuration: The item may not be properly configured in the system to be included in financial statements. This could be due to missing settings in the chart of accounts or financial statement version.
  Item Type: The item may not be classified as a financial statement item. For example, certain accounts may be set up as non-financial or operational accounts.
  Missing Assignment: The item might not be assigned to the correct financial statement version or group.
  Data Entry Errors: There could be a typo or incorrect account number being referenced.
  
  Solutions:
  
  
  Check Configuration:
  
  Go to the financial statement version configuration (Transaction code: OB58) and ensure that the item is included in the correct financial statement version.
  Verify that the account is set up correctly in the chart of accounts (Transaction code: OX15).
  
  
  
  Review Account Type:
  
  Ensure that the account type is appropriate for financial reporting. For example, ensure that it is not set as a statistical account or a non-financial account.
  
  
  
  Assign to Financial Statement Version:
  
  If the item is missing from the financial statement version, you can add it by editing the financial statement version configuration.
  
  
  
  Check for Data Entry Errors:
  
  Double-check the account number or item you are trying to report on to ensure it is correct.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on financial statement items and their configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB58 (Financial Statement Version), OX15 (Chart of Accounts), and FS00 (G/L Account Master Record) for troubleshooting.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary permissions to view and modify financial statement configurations.
  
  By following these steps, you should be able to identify the cause of the GZ281 error and implement a solution to resolve it.