How To Fix UCF6704 - Clearing item for income statement not defined

UCF6704 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 704

• Message text: Clearing item for income statement not defined

What causes this issue?

The "Clearing - Income Statement" item has not been defined.

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?

Define this item either globally or as dependent on the
<DS:GLOS.92FA4F84C681D511B1250008C784EFB1>document type</>.

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 UCF6704 - Clearing item for income statement not defined ?

  The SAP error message UCF6704, which states "Clearing item for income statement not defined," typically occurs in the context of financial accounting and reporting within SAP. This error indicates that the system is unable to find a clearing item for an income statement account during a reconciliation or clearing process.
  
  Cause:
  
  Missing Configuration: The most common cause of this error is that the clearing account for the income statement has not been properly defined in the system configuration.
  Incorrect Account Assignment: The account assignment for the transaction may not be set up correctly, leading to the system not being able to identify the appropriate clearing account.
  Transaction Type Issues: The transaction type being used may not be compatible with the income statement accounts, leading to the error.
  Data Entry Errors: There may be errors in the data entry that lead to the system not being able to find the correct clearing item.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the