How To Fix UCF6023 - Selected items (master data): "Clearing - Income Statement" not specified

UCF6023 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 023

• Message text: Selected items (master data): "Clearing - Income Statement" not specified

What causes this issue?

You did not specify an item for "Clearing - Income Statement" in path
<ZK>Master Data -> Items -> Selected Items</>. This item is absolutely
necessary for executing
<DS:GLOS.3526B7A9AFAB52B9E10000009B38F974>consolidation of investments
</>.

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?

Specify an item for "Clearing - Income Statement".

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCF6023 - Selected items (master data): "Clearing - Income Statement" not specified ?

  The SAP error message UCF6023, which states that "Selected items (master data): 'Clearing - Income Statement' not specified," typically occurs in the context of financial reporting or when dealing with the Universal Journal in SAP S/4HANA. This error indicates that there is a missing configuration related to the clearing account for income statement items in the system.
  
  Cause:
  
  Missing Configuration: The error usually arises when the system cannot find a specified clearing account for income statement items in the master data settings. This can happen if the necessary configuration has not been set up in the system.
  Incorrect Master Data: The master data for the relevant accounts may not be correctly defined, leading to the system being unable to identify the appropriate clearing account.
  Missing or Incorrect Settings in Financial Statement Version: The financial statement version may not be properly configured to include the necessary clearing accounts.
  
  
  Solution:
  To resolve the UCF6023 error, you can follow