How To Fix UCF6063 - Appr.ret.earn.: Annual net income: Item &1 is not an income stmt item

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 063

• Message text: Appr.ret.earn.: Annual net income: Item &1 is not an income stmt item

*** like ucf6 062 ***

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 tab page "Annual Net
Income" in group box "Annual Net Income: Appropriation of Retained
Earnings" must have the <DS:GLOS.615F0191A481D511B1250008C784EFB1>item
type</> "income statement".
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 UCF6063 - Appr.ret.earn.: Annual net income: Item &1 is not an income stmt item ?

  The SAP error message UCF6063, which states "Appr.ret.earn.: Annual net income: Item &1 is not an income stmt item," typically occurs in the context of financial reporting or when working with financial statements in SAP. This error indicates that the system is trying to process an item that is not recognized as a valid income statement item in the context of retained earnings or annual net income calculations.
  Cause:
  
  Incorrect Configuration: The item referenced (denoted as &1 in the error message) may not be properly configured in the system as an income statement item. This could be due to missing settings in the chart of accounts or financial statement version.
  Data Entry Error: There may be a mistake in the data entry where an incorrect account or item is being referenced.
  Missing Mapping: The item may not be mapped correctly in the financial statement version or may not be included in the relevant financial reporting structure.
  Version Issues: The financial statement version being used may not include the item in question.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the financial statement version in SAP (Transaction Code: OB58).
  Ensure that the item in question is included in the income statement section and is correctly configured.
  
  
  
  Verify Account Settings:
  
  Check the account settings for the item referenced in the error message (Transaction Code: FS00).
  Ensure that the account type is set correctly and that it is classified as an income statement account.
  
  
  
  Review Financial Statement Version:
  
  Ensure that the financial statement version being used includes the item in question. You may need to adjust the version to include the necessary items.
  
  
  
  Data Entry Review:
  
  Review the entries made in the relevant transactions to ensure that the correct items are being used. Correct any discrepancies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring financial statement items and resolving related errors.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test run to ensure that the error no longer occurs and that the financial statements are generated correctly.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master Record), OB58 (Financial Statement Version), and others that may be useful in troubleshooting.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Consider visiting SAP community forums or user groups for additional insights and solutions from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP configurations.