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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ773 - Item &1 is not a P+L item ?

  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 that it is correctly classified as a P+L item.
  
  Navigate to the relevant account in the SAP system and check its settings.
  Ensure that the account type is set to P+L.
  
  
  
  Account Assignment: If the item is not a P+L item, you may need to change the account assignment in the transaction or use a different item that is classified as a P+L item.
  
  
  Consult with Finance Team: If you are unsure about the classification of the item, consult with your finance or accounting team to ensure that the item is set up correctly according to your organization's accounting policies.
  
  
  Transaction Review: Review the transaction you are trying to execute. Ensure that it is appropriate for the item you are using. If necessary, adjust the transaction to use a valid P+L item.
  
  
  Related Information:
  
  SAP Documentation: Refer to SAP's official documentation or help resources for more detailed information on account types and classifications.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., FS00 for account master data) to check and modify account settings.
  User Roles: Ensure that you have the necessary permissions to view and modify financial data in SAP.
  
  If the issue persists after checking the above points, it may be beneficial to reach out to your SAP support team or consult with an SAP expert for further assistance.