How To Fix GZ817 - Invalid FS item & for reclassification (retained earnings)

GZ817 - Overview

• Message type: E = Error

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

• Message number: 817

• Message text: Invalid FS item & for reclassification (retained earnings)

What causes this issue?

This <DS:GLOS.financial_statement_item>FS item</> &V1& cannot be
directly posted to and therefore can only be used for
<DS:GLOS.reclassification>reclassification</>.
The item is entered as a <DS:GLOS.selected_item>selected item</> in
<DS:GLOS.version>version</> &V2& under the classification key 'BG' or
'ERG'.
<DS:GLOS.retained_earnings>Retained earnings</> items can only be
posted to using automatically created posting lines for
<DS:GLOS.adjustment_to_net_income>adjustments to net income</>.

System Response

Reclassification terminated

How to fix this error?

Correct the items concerned in the chapter on reclassification in the
Implementation Guide.

<DS:TRAN.OC26>Proceed</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

GZ817 - Details

• The SAP error message GZ817, which indicates "Invalid FS item," typically arises during the financial statement (FS) item processing, particularly when dealing with retained earnings and reclassification. This error can occur for various reasons, and understanding the cause and solution is essential for resolving it.
  Causes of GZ817 Error
  
  
  Invalid FS Item: The financial statement item (FS item) you are trying to use may not be defined correctly in the system or may not exist in the chart of accounts.
  
  
  Incorrect Configuration: The configuration settings for the financial statement version (FSV) may not be set up correctly, leading to the system not recognizing the FS item.
  
  
  Posting Period Issues: The posting period may be closed or not open for the transaction you are trying to execute.
  
  
  Data Consistency Issues: There may be inconsistencies in the data, such as missing or incorrect entries in the relevant tables.
  
  
  Authorization Issues: The user may not have the necessary authorizations