How To Fix GZ455 - Retained earnings item on the balance sheet not specified

GZ455 - Overview

• Message type: E = Error

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

• Message number: 455

• Message text: Retained earnings item on the balance sheet not specified

Self-Explanatory Message

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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 GZ455 - Retained earnings item on the balance sheet not specified ?

  The SAP error message GZ455, which states "Retained earnings item on the balance sheet not specified," typically occurs during the closing process in financial accounting when the system cannot find a specified retained earnings account for the balance sheet. This can happen for various reasons, including configuration issues or missing settings in the financial accounting module.
  
  Cause:
  
  Missing Configuration: The retained earnings account may not be properly configured in the system.
  Incorrect Account Assignment: The account assigned for retained earnings may not be valid or may not exist in the chart of accounts.
  Missing Settings in the Fiscal Year Variant: The fiscal year variant may not have been set up correctly to include the retained earnings account.
  Incorrect Posting Period: The posting period may not be open for the entries related to retained earnings.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Closing