How To Fix GZ811 - Classification key BIL not defined for profit/loss carry-forward

GZ811 - Overview

• Message type: E = Error

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

• Message number: 811

• Message text: Classification key BIL not defined for profit/loss carry-forward

What causes this issue?

The assignment classification key BIL used in version &V1& for the
<DS:GLOS.selected_item>selected item</> 'Unappropriated retained
earnings from the previous year' is missing.
This setting is needed for posting <DS:GLOS.deferred_taxes>tax
accrual/deferral</> during elimination of intercompany profit and loss
in the inventory, and should be made separately according to
debit/credit indicator.

System Response

Processing terminated

How to fix this error?

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

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

Error message extract from SAP system. Copyright SAP SE.

GZ811 - Details

• The SAP error message GZ811 indicates that there is an issue with the classification key for profit and loss carry-forward in the system. This error typically arises during the year-end closing process when the system attempts to carry forward balances from one fiscal year to the next.
  
  Cause:
  The error message "GZ811 Classification key BIL not defined for profit/loss carry-forward" usually occurs due to one of the following reasons:
  
  Missing Configuration: The classification key (in this case, "BIL") has not been defined in the system for the profit and loss carry-forward process.
  Incorrect Settings: The settings for the classification key may be incorrect or incomplete, leading to the system being unable to process the carry-forward.
  Customizations: If there have been customizations or changes made to the standard SAP configuration, it may have inadvertently affected the classification keys.
  
  
  Solution:
  To resolve the GZ811 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to