How To Fix UCF6060 - Appr. retained earnings: Item &1 is not a balance sheet item

UCF6060 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 060

• Message text: Appr. retained earnings: Item &1 is not a balance sheet item

What causes this issue?

In <DS:GLOS.D5692F24DA2CD511BCBF0800060D9C68>consolidation area</> &v2&
you determined that appropriations of retained earnings are to be
disclosed in the balance sheet. This is why all items you specify under
Appropriation of Retained Earnings on the following tab pages must have
the <DS:GLOS.615F0191A481D511B1250008C784EFB1>item type</> "balance
sheet":
"Group Adjustments"
"Minority Adjustments"
"Distribution of Dividends"
"Bonus Payment"
You specified item &V1&, which has a different item type.

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 UCF6060 - Appr. retained earnings: Item &1 is not a balance sheet item ?

  The SAP error message UCF6060, which states "Appr. retained earnings: Item &1 is not a balance sheet item," typically occurs during the process of closing the financial year or when trying to post to retained earnings. This error indicates that the system is expecting a balance sheet item, but the specified item (in this case, &1) is not classified as such.
  
  Cause:
  
  
  Incorrect Account Configuration: The account specified in the error message is not set up as a balance sheet account in the chart of accounts. In SAP, accounts are classified as either balance sheet accounts or income statement accounts, and retained earnings should only be posted to balance sheet accounts.
  
  
  Posting to the Wrong Account: The system may be trying to post retained earnings to an account that is not intended for that purpose, such as an income statement account.
  
  
  Incorrect Settings in Financial Statement Version: The financial statement version may not be