How To Fix UCF6065 - Equity method posting: Scope &2: Item &1 is not a balance sheet item

UCF6065 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 065

• Message text: Equity method posting: Scope &2: Item &1 is not a balance sheet item

What causes this issue?

The investment items you specify under "Equity Method Posting" must
have the <DS:GLOS.615F0191A481D511B1250008C784EFB1>item type</>
"balance sheet".
For scope &V2& you specified investment 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.

UCF6065 - Details

• The SAP error message UCF6065 indicates an issue related to equity method postings in the context of financial accounting. Specifically, it suggests that the item being referenced is not classified as a balance sheet item, which is necessary for the equity method of accounting.
  
  Cause:
  The error typically arises due to one of the following reasons:
  
  Incorrect Configuration: The item being posted is not set up correctly in the system. It may not be defined as a balance sheet item in the chart of accounts.
  Posting to Incorrect Account: The account being used for the equity method posting is not a balance sheet account, which is required for such transactions.
  Data Entry Error: There may be a mistake in the data entry, such as selecting the wrong account or item.
  
  
  Solution:
  To resolve the UCF6065 error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Go to the configuration settings for your chart of accounts and verify that the