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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message GZ817 - Invalid FS item & for reclassification (retained earnings) ?

  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 to access or modify the FS item.
  
  
  Solutions to GZ817 Error
  
  
  Check FS Item Definition:
  
  Go to the configuration settings for the financial statement items and ensure that the FS item you are trying to use is defined correctly.
  Use transaction code OB58 to check the FS item settings.
  
  
  
  Review Financial Statement Version:
  
  Ensure that the financial statement version is correctly configured to include the FS item in question.
  Use transaction code OB37 to review and adjust the financial statement version settings.
  
  
  
  Open Posting Period:
  
  Check if the posting period is open for the transaction you are trying to execute. You can do this using transaction code OB52 to manage posting periods.
  
  
  
  Data Consistency Check:
  
  Run consistency checks on the relevant financial data to identify any discrepancies. This may involve checking the relevant tables for missing or incorrect entries.
  
  
  
  User Authorizations:
  
  Verify that the user has the necessary authorizations to perform the action related to the FS item. This can be checked in the user roles and authorizations.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the specific error message for any additional guidance or updates.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  OB58: Maintain FS Items
  OB37: Maintain Financial Statement Versions
  OB52: Open/Close Posting Periods
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the GZ817 error. You can search for relevant notes in the SAP Support Portal.
  
  
  Testing: After making changes, perform a test transaction to ensure that the error has been resolved.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.