How To Fix GZ807 - Classification key BG not defined for retained earnings

GZ807 - Overview

• Message type: E = Error

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

• Message number: 807

• Message text: Classification key BG not defined for retained earnings

What causes this issue?

The assignment classification key BG used in version &V1& for the
<DS:GLOS.selected_item>selected item</> 'retained earnings' in the
balance sheet is missing.

System Response

Program terminated

How to fix this error?

Define this classification key in the Implementation Guide in the
chapter concerning selected items.

<DS:TRAN.OC04>Proceed</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

GZ807 - Details

• The SAP error message GZ807 indicates that there is an issue with the classification key for retained earnings in the system. This error typically arises when the system is trying to process a transaction related to retained earnings, but it cannot find a defined classification key (BG) for that account.
  
  Cause:
  
  Missing Classification Key: The classification key for retained earnings (BG) has not been defined in the system.
  
  Configuration Issues: There may be a configuration issue in the financial accounting settings where the classification key is not properly set up.
  Incorrect Account Assignment: The account being used for retained earnings may not be correctly assigned or may not have the necessary classification key.
  
  
  Solution:
  To resolve the GZ807 error, you can follow these steps:
  
  
  Define the Classification Key:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Records > G/L Accounts > Prepare G/L Account Creation).
  Check if the