How To Fix GZ470 - Revenue/expense (statistical) item not specified

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 470

• Message text: Revenue/expense (statistical) item not specified

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message GZ470 - Revenue/expense (statistical) item not specified ?

  The SAP error message GZ470, which states "Revenue/expense (statistical) item not specified," typically occurs in the context of financial postings or when dealing with statistical postings in SAP. This error indicates that the system expects a revenue or expense item to be specified for a particular transaction, but it is missing.
  Cause:
  
  Missing Configuration: The revenue or expense item may not be configured in the system for the specific transaction type you are trying to execute.
  Incorrect Posting: The transaction you are trying to post may not have the necessary account assignment or may be missing required fields.
  Statistical Posting: If you are trying to create a statistical posting, the system requires a specific revenue or expense item to be defined, which is not provided in your entry.
  Master Data Issues: The master data for the relevant accounts may not be set up correctly, leading to this error.
  
  Solution:
  
  
  Check Configuration: 
  
  Go to the configuration settings in SAP and ensure that the relevant revenue and expense items are defined for the transaction type you are working with.
  You can check the configuration in the following path: SPRO -> Financial Accounting -> General Ledger -> Master Data -> G/L Accounts -> Prepare G/L Accounts for Posting.
  
  
  
  Review Transaction Entry:
  
  Ensure that all required fields are filled out correctly in your transaction entry. Look for any missing account assignments or statistical item specifications.
  If you are using a specific transaction code, ensure that you are following the correct procedure for that transaction.
  
  
  
  Check Master Data:
  
  Verify that the G/L accounts you are using are correctly set up to allow for statistical postings. You can check this in the G/L account master data.
  Ensure that the account type is appropriate for the transaction you are trying to execute.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to the specific transaction you are working with to ensure you are following the correct process.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may be involved in the process, such as FB50 (General Ledger Account Document Entry) or F-02 (General Posting).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that your user role has the necessary authorizations to perform the transaction you are attempting.
  
  By following these steps, you should be able to identify the cause of the GZ470 error and implement a solution to resolve it.