How To Fix UCF6144 - App. of retained earnings: transfer to minority &1 not balance sheet item

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 144

• Message text: App. of retained earnings: transfer to minority &1 not balance sheet item

What causes this issue?

The adjustment of the retained earnings regarding their group value is
posted without affecting the income statement to the item that you use
for posting the transfers to minority interest in the retained earnings.
This item therefore has to be in the balance sheet.
However, the item you specified, &V1&, does not have the item type
<LS>Balance Sheet</>.

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?

Choose a balance sheet item for the transfers to minority interest in
retained earnings.

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 UCF6144 - App. of retained earnings: transfer to minority &1 not balance sheet item ?

  The SAP error message UCF6144, which states "App. of retained earnings: transfer to minority &1 not balance sheet item," typically occurs during the process of transferring retained earnings to minority interests in the context of financial consolidation or reporting. This error indicates that the system is trying to apply retained earnings to a minority interest that is not recognized as a balance sheet item.
  
  Cause:
  
  Incorrect Configuration: The minority interest account may not be properly configured as a balance sheet item in the chart of accounts.
  Data Entry Issues: There may be incorrect or missing entries in the financial statements or consolidation settings.
  Inconsistent Account Types: The account being referenced for the minority interest may not be set up correctly in the system, leading to inconsistencies in how it is treated in financial reporting.
  Missing Master Data: The master data for the minority interest may not be set up correctly, leading to issues during the