How To Fix UCD1042 - Automatic posting item is missing for "Deferred Taxes - Balance Sheet"

SAP Error Message - Details

• Message type: E = Error

• Message class: UCD1 - Messages for Document and Breakdown Check

• Message number: 042

• Message text: Automatic posting item is missing for "Deferred Taxes - Balance Sheet"

What causes this issue?

The entry of the special item "Deferred Taxes - Balance Sheet" is
missing for posting deferred taxes.

System Response

Processing terminated

How to fix this error?

Check the entry of items for deferred taxes.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCD1042 - Automatic posting item is missing for "Deferred Taxes - Balance Sheet" ?

  The SAP error message UCD1042, which indicates that an automatic posting item is missing for "Deferred Taxes - Balance Sheet," typically arises in the context of financial accounting and tax reporting within the SAP system. This error can occur during processes such as posting journal entries, running financial reports, or executing tax-related transactions.
  Cause:
  
  
  Missing Configuration: The error often indicates that the system is unable to find the necessary configuration for automatic postings related to deferred taxes. This could be due to missing or incorrect settings in the tax configuration or the chart of accounts.
  
  
  Incorrect Account Assignment: The account assigned for deferred taxes may not be properly set up in the system, leading to the inability to post the necessary entries.
  
  
  Missing Master Data: The relevant master data for the accounts involved in deferred tax calculations may be incomplete or incorrectly maintained.
  
  
  Posting Period Issues: The error can also occur if the posting period is closed or if there are restrictions on posting to certain accounts.
  
  
  Solution:
  
  
  Check Configuration: 
  
  Navigate to the configuration settings for tax accounting in SAP (Transaction Code: OBY6 or similar).
  Ensure that the automatic posting settings for deferred taxes are correctly configured. This includes checking the tax codes and their corresponding accounts.
  
  
  
  Review Account Assignment:
  
  Verify that the accounts for deferred taxes are correctly assigned in the chart of accounts.
  Ensure that the accounts are active and available for posting.
  
  
  
  Master Data Review:
  
  Check the master data for the relevant accounts to ensure that all necessary information is complete and accurate.
  This includes reviewing the account type, tax category, and any other relevant settings.
  
  
  
  Posting Period Check:
  
  Ensure that the posting period is open for the transactions you are trying to execute.
  If the period is closed, you may need to open it or create a new posting period.
  
  
  
  Consult Documentation: 
  
  Review SAP documentation or help resources for specific guidance on handling deferred tax postings and related configurations.
  
  
  
  Testing: 
  
  After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common problems.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for tax configuration), FS00 (for account master data), and FBL3N (for account line items) to facilitate troubleshooting.
  User Roles and Authorizations: Ensure that the user executing the transaction has the necessary authorizations to post to the relevant accounts.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant with expertise in SAP FI (Financial Accounting) for further assistance.