How To Fix GZ801 - No offsetting items exist in version &, year & for FS item &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 801

• Message text: No offsetting items exist in version &, year & for FS item &

What causes this issue?

<GL:financial_statement_item>Financial statement items</> to which
offsetting entries on the income statement are posted, are
necessary for posting the <GL:intercompany_profit_and_loss>IC profits
or losses</>.
These need to be defined depending on the asset item &V3&, the
<GL:version>version</> &V1& and the beginning year.

System Response

Error message

How to fix this error?

Maintain the offsetting items in chapter 'Profits and Losses' 'Current
Assets' of the Configuration menu.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GZ801 - No offsetting items exist in version &, year & for FS item & ?

  The SAP error message GZ801 indicates that there are no offsetting items found in the specified version, year, and financial statement (FS) item. This error typically arises during the execution of financial reporting or when trying to perform certain financial operations that require matching or offsetting entries.
  Cause:
  
  Missing Entries: The most common cause is that there are no corresponding offsetting entries for the specified financial statement item in the given version and year.
  Incorrect Version/Year: The version or year specified in the report or transaction may not have any data or may be incorrect.
  Data Posting Issues: There may have been issues during data posting, leading to incomplete or missing entries.
  Configuration Issues: The financial statement version may not be properly configured to include the necessary FS items.
  
  Solution:
  
  Check Data Entries: Verify that the necessary offsetting entries exist for the specified FS item in the correct version and year. You can do this by reviewing the relevant financial documents or reports.
  Correct Version/Year: Ensure that you are using the correct version and year in your report or transaction. If you are unsure, consult with your finance team or check the configuration settings.
  Review Posting Periods: Check if the posting periods are open for the specified year. If the periods are closed, you may need to reopen them or post the necessary entries in an open period.
  Configuration Review: If the issue persists, review the configuration of the financial statement version in the SAP system. Ensure that the FS items are correctly defined and that the necessary settings are in place.
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on the specific FS item and version you are working with.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FS00 (G/L Account Master Data) to check the configuration of the FS items or FBL3N (G/L Account Line Item Display) to review the line items for the specified account.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the cause of the GZ801 error and implement a solution to resolve it.