How To Fix UCF6061 - Appr. retained earnings: Item &1 is not an income statement item

UCF6061 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 061

• Message text: Appr. retained earnings: Item &1 is not an income statement item

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

What causes this issue?

In <DS:GLOS.D5692F24DA2CD511BCBF0800060D9C68>consolidation area</> &v2&
you determined that appropriations of retained earnings are to be
disclosed in the income statement. 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</> "income
statement":
"Group Adjustments"
"Minority Adjustments"
"Distribution of Dividends"
"Bonus Payment"
However, there is one exception: The equity items on tab page "Group
Adjustments" and the investment and equity items on tab page "Minority
Adjustments" must have the item type "balance sheet".
You specified item &V1&, which has a different item type.

System Response

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 UCF6061 - Appr. retained earnings: Item &1 is not an income statement item ?

  The SAP error message UCF6061, which states "Appr. retained earnings: Item &1 is not an income statement 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 an income statement item (like revenue or expenses) but has encountered an item that does not qualify as such.
  
  Cause:
  
  
  Incorrect Account Type: The account specified (represented by &1 in the error message) is not classified as an income statement account. In SAP, accounts are categorized into balance sheet accounts and income statement accounts. Retained earnings should only be derived from income statement accounts.
  
  
  
  Configuration Issues: The configuration of the financial statement version or the chart of accounts may not be set up correctly, leading to the system not recognizing the account as an income statement item.
  
  
  Posting Errors: There may have been incorrect postings to the account in question,