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

UCF6118 - Overview

• 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