How To Fix UCF6118 - Selected item: investment amort.: Item &1 is not an income statement item

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 118

• Message text: Selected item: investment amort.: Item &1 is not an income statement item

What causes this issue?

The items you specify under "Selected Items" on the "Investment
Amortization" tab must have the
<DS:GLOS.615F0191A481D511B1250008C784EFB1>item type</> "Income
Statement".
However, the item you specified does not have this 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 the item, 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 UCF6118 - Selected item: investment amort.: Item &1 is not an income statement item ?

  The SAP error message UCF6118 indicates that there is an issue with the selected item in the context of investment amortization. Specifically, the error states that the item you are trying to use is not classified as an income statement item. This typically occurs in the context of financial reporting or when processing investment-related transactions.
  Cause:
  
  Incorrect Item Classification: The item you are trying to select for investment amortization is not set up as an income statement item in the chart of accounts. This could be due to incorrect configuration or selection of the item.
  Item Type: The item may be classified as a balance sheet item rather than an income statement item, which is required for the amortization process.
  Configuration Issues: There may be issues in the configuration of the financial statements or the settings in the controlling area that prevent the item from being recognized as valid for the operation you are trying to perform.
  
  Solution:
  
  
  Check Item Configuration:
  
  Go to the configuration settings for your chart of accounts and verify that the item in question is correctly classified as an income statement item.
  Ensure that the item is set up with the correct account type and is included in the appropriate financial statement version.
  
  
  
  Review the Transaction:
  
  Ensure that you are selecting the correct item for the investment amortization process. Double-check the item number and its classification.
  If necessary, consult with your finance team to confirm the correct item to use.
  
  
  
  Adjust Financial Statement Version:
  
  If the financial statement version is not set up correctly, you may need to adjust it to include the necessary items for investment amortization.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to investment amortization and financial statement configuration for additional guidance.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and item classification, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBY6 (for financial statement version) or FS00 (for account master data) to check and modify the account settings.
  Financial Reporting: Understanding the distinction between income statement and balance sheet items is crucial for accurate financial reporting and compliance.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to resolve the UCF6118 error and proceed with your investment amortization process.