How To Fix UCF6062 - Appr.ret.earn.: Annual net income: Item &1 is not a balance sheet item

UCF6062 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 062

• Message text: Appr.ret.earn.: Annual net income: Item &1 is not a balance sheet item

*** like ucf6 060 ***

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 tab page "Annual Net Income" in
group box "Annual Net Income: Appropriation of Retained Earnings" must
have the <DS:GLOS.615F0191A481D511B1250008C784EFB1>item type</>
"balance sheet".
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 UCF6062 - Appr.ret.earn.: Annual net income: Item &1 is not a balance sheet item ?

  The SAP error message UCF6062, which states "Appr.ret.earn.: Annual net income: Item &1 is not a balance sheet item," typically occurs in the context of financial reporting or when working with the Universal Journal in SAP S/4HANA. This error indicates that the system is expecting a balance sheet item for the calculation of retained earnings, but the specified item is not classified as such.
  
  Cause:
  
  Incorrect Account Type: The account specified in the error message (&1) is not set up as a balance sheet account in the chart of accounts. This could happen if the account is classified as a profit and loss (P&L) account instead of a balance sheet account.
  
  Configuration Issues: There may be issues with the configuration of the financial statement version or the way the accounts are mapped in the system.
  Data Entry Errors: There could be a mistake in the data entry where a P&L account is mistakenly referenced