How To Fix UCF6037 - Goodwill global: Item &1 is not an income statement item

UCF6037 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 037

• Message text: Goodwill global: Item &1 is not an income statement item

What causes this issue?

The items you specify as "Amortization and Writeup Item" (under
"Goodwill Global" on the "GW Amortization" tab or the "Amortize Neg.
GW" tab) must all have the
<DS:GLOS.615F0191A481D511B1250008C784EFB1>item type</> "Income
Statement".
However, you specified item &V1&, which does not have the item type
"Income Statement".

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?

Either change the item type of item &V1&, or do not use this item.

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 UCF6037 - Goodwill global: Item &1 is not an income statement item ?

  The SAP error message UCF6037, which states "Goodwill global: Item &1 is not an income statement item," typically occurs in the context of financial reporting, particularly when dealing with goodwill and other intangible assets in the SAP system. This error indicates that the item referenced (denoted by &1) is not classified as an income statement item, which is necessary for the operation being performed.
  
  Cause:
  
  Incorrect Item Classification: The item in question may not be correctly classified in the chart of accounts. It might be categorized as a balance sheet item rather than an income statement item.
  
  Configuration Issues: There may be configuration issues in the financial accounting settings that prevent the system from recognizing the item as valid for the operation being performed.
  Data Entry Errors: There could be a mistake in the data entry where the item was incorrectly defined or used in the transaction.
  
  
  Solution:
  
  
  Check Item Classification:
  
  Go to the chart of accounts