How To Fix UCF6612 - Clearing item for goodwill not defined

UCF6612 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 612

• Message text: Clearing item for goodwill not defined

What causes this issue?

The posting item for goodwill amortization has not been assigned.
Depending on the setting in system utilization for consolidation of
investments, the goodwill posting items are defined:
Under <ZK>Settings -> Goodwill Global,</> or
Individually in the consolidation of investments method

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?

Add the missing goodwill posting items in Customizing for consolidation
of investments.

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 UCF6612 - Clearing item for goodwill not defined ?

  The SAP error message UCF6612, "Clearing item for goodwill not defined," typically occurs in the context of financial accounting, particularly when dealing with goodwill accounting in SAP. This error indicates that the system is unable to find a defined clearing item for goodwill, which is necessary for processing certain transactions.
  
  Cause:
  
  Missing Configuration: The most common cause of this error is that the necessary configuration for goodwill clearing items has not been set up in the system. This can happen if the company code or the relevant account settings are not properly defined.
  Incorrect Account Assignment: The account assignment for goodwill may not be correctly linked to the clearing accounts in the system.
  Transaction Type Issues: The transaction type being used may not be compatible with the existing configuration for goodwill clearing.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Goodwill