How To Fix MQ773 - Item &1 is not a P+L item

MQ773 - Overview

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 773

• Message text: Item &1 is not a P+L item

What causes this issue?

You must specify a P+L item for adjustment postings in the P+L. Item
&V1& is, however, not a P+L item.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a P+L item from <DS:TRAN.OC03>item maintenance</>.

Error message extract from SAP system. Copyright SAP SE.

MQ773 - Details

• The SAP error message MQ773, which states "Item &1 is not a P+L item," typically occurs in the context of financial transactions, particularly when dealing with Profit and Loss (P+L) statements or reports. This error indicates that the item referenced (denoted by &1) is not classified as a Profit and Loss item in the system.
  
  Cause:
  
  Item Classification: The item in question is not set up in the system as a Profit and Loss item. This could be due to incorrect configuration in the financial master data or the item not being assigned to the correct account type.
  Account Type: The account associated with the item may be classified as a balance sheet account rather than a P+L account.
  Transaction Type: The transaction being processed may require a P+L item, but the item being used does not meet this requirement.
  
  
  Solution:
  
  
  Check Item Configuration: Review the configuration of the item in the financial master data. Ensure