How To Fix UCF6628 - Item for net income prior to first consolidation not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 628

• Message text: Item for net income prior to first consolidation not specified

What causes this issue?

You have not specified the item for net income prior to first
consolidation under Appropriation of Retained Earnings -> Net Income in
Customizing for consolidation of investments.
This item is part of appropriation of retained earnings. These items
must be either in the balance sheet or in the income statement,
depending on where appropriations of retained earnings are stated (see
the settings in the consolidation area).

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 assignments 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 UCF6628 - Item for net income prior to first consolidation not specified ?

  The SAP error message UCF6628, which states "Item for net income prior to first consolidation not specified," typically occurs in the context of financial consolidation processes within SAP, particularly when using the SAP Financial Consolidation (FC) or SAP Business Planning and Consolidation (BPC) modules.
  Cause:
  This error usually arises when the system is unable to find a specified item for net income that should be included in the consolidation process. This can happen due to several reasons:
  
  Missing Configuration: The configuration for the net income item may not be set up correctly in the consolidation settings.
  Incorrect Mapping: The mapping of accounts or items in the consolidation process may not be correctly defined, leading to the system not recognizing the net income item.
  Data Entry Issues: There may be missing or incorrect data entries in the relevant financial statements or ledgers that are being consolidated.
  Versioning Issues: The version of the data being processed may not be aligned with the expected version for consolidation.
  
  Solution:
  To resolve the UCF6628 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the consolidation settings in SAP and verify that the net income item is correctly defined and configured.
  Ensure that the item for net income prior to the first consolidation is specified in the relevant configuration settings.
  
  
  
  Review Mapping:
  
  Check the mapping of accounts in the consolidation process. Ensure that the net income account is correctly mapped to the appropriate consolidation item.
  If necessary, update the mapping to include the correct account for net income.
  
  
  
  Validate Data:
  
  Review the financial data being used for consolidation. Ensure that all necessary data entries are present and correct.
  Look for any missing entries or discrepancies in the financial statements that could lead to this error.
  
  
  
  Check Versions:
  
  Ensure that the version of the data being processed is the correct one for the consolidation. If you are using multiple versions, verify that you are working with the intended version.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring net income items in your version of SAP.
  
  
  
  Seek Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  Training: Consider training sessions or workshops on SAP Financial Consolidation or BPC to better understand the configuration and processes involved.
  
  By following these steps, you should be able to identify and resolve the cause of the UCF6628 error in your SAP system.