How To Fix MQ792 - Retained earnings for inc.stmnt are not defined in selected item table

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 792

• Message text: Retained earnings for inc.stmnt are not defined in selected item table

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MQ792 - Retained earnings for inc.stmnt are not defined in selected item table ?

  The SAP error message MQ792, which states "Retained earnings for inc. stmt are not defined in selected item table," typically occurs in the context of financial reporting, particularly when dealing with income statements and retained earnings in SAP.
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Missing Configuration: The retained earnings account has not been properly configured in the relevant item table for the income statement. This can happen if the account is not defined in the chart of accounts or if the settings for retained earnings are incomplete.
  
  
  Incorrect Account Assignment: The account assignment for retained earnings may not be correctly linked to the income statement items in the financial statement version.
  
  
  Data Inconsistency: There may be inconsistencies in the data or settings between different modules or configurations in SAP.
  
  
  Solution:
  To resolve the MQ792 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the financial statement version in SAP.
  Ensure that the retained earnings account is defined correctly in the item table for the income statement.
  Navigate to Financial Accounting (FI) > General Ledger Accounting > Financial Statement Version and verify the settings.
  
  
  
  Define Retained Earnings Account:
  
  If the retained earnings account is not defined, you will need to create or assign it. This can be done in the Chart of Accounts settings.
  Ensure that the account is set up as a balance sheet account and is properly linked to the income statement.
  
  
  
  Review Financial Statement Version:
  
  Check the financial statement version to ensure that the retained earnings are included in the correct section.
  Make sure that the income statement items are correctly linked to the retained earnings account.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, run the income statement report again to see if the error persists.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring retained earnings and financial statement versions.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration, consider reaching out to SAP support or consulting with an SAP FI expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB58 (for financial statement version) or FS00 (to manage G/L accounts) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary permissions to make changes to financial configurations in SAP.
  
  By following these steps, you should be able to identify and resolve the cause of the MQ792 error in SAP.