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 transfer of retained earnings.
  
  Solution:
  
  
  Check Account Configuration:
  
  Verify that the account for minority interest is set up as a balance sheet item in the chart of accounts. You can do this by navigating to the account in the SAP system and checking its properties.
  
  
  
  Review Financial Statements:
  
  Ensure that all relevant financial statements are correctly populated and that the entries for retained earnings and minority interests are accurate.
  
  
  
  Adjust Master Data:
  
  If the minority interest account is not set up correctly, you may need to adjust the master data settings to ensure it is recognized as a balance sheet item.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configuration settings related to retained earnings and minority interests.
  
  
  
  Test in a Sandbox Environment:
  
  If possible, replicate the issue in a test or sandbox environment to identify the exact cause without affecting production data.
  
  
  
  Seek Expert Help:
  
  If the issue persists, consider reaching out to an SAP consultant or your internal SAP support team for further assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for fiscal year variant), OBY6 (for balance sheet accounts), and others that may be involved in the configuration of financial reporting.
  Training and Documentation: Ensure that users involved in financial reporting and consolidation are trained on the correct procedures and configurations to avoid similar issues in the future.
  
  By following these steps, you should be able to identify and resolve the cause of the UCF6144 error in your SAP system.