How To Fix UCF6758 - Offsetting items for Other Comprehensive Income are not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 758

• Message text: Offsetting items for Other Comprehensive Income are not defined

What causes this issue?

You have activated the <LS>Other Comprehensive Income in Total
Divestiture</> function in system utilization of investments.
However, you have not determined any offsetting items (that is, any
items used for the offsetting entry for posting Other Comprehensive
Income with an effect on net income).

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?

In Customizing for <LS>Equity</>, (in the Consolidation Workbench
(Transaction UCWB) in the entry <LS>Consolidation Functions ->
Consolidation of Investments -> Settings -> Equity</>) on the <LS>Other
Comprehensive Income</> tab page, you have to assign additional items
for offsetting posting to the items for other comprehensive income.
The offsetting items for posting Other Comprehensive Income in Total
Divestiture with an effect on income in total divestitures can be found
either on the balance sheet or on the income statement. You do not
necessarily have to assign various offsetting items to the different
items for other comprehensive income. You can also select the same
offsetting item for debit and credit entries.

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 UCF6758 - Offsetting items for Other Comprehensive Income are not defined ?

  The SAP error message UCF6758, which states "Offsetting items for Other Comprehensive Income are not defined," typically occurs in the context of financial reporting and accounting within SAP systems, particularly when dealing with Other Comprehensive Income (OCI) items. This error indicates that the system cannot find the necessary configuration for offsetting items related to OCI.
  Cause:
  
  
  Missing Configuration: The primary cause of this error is that the necessary configuration for offsetting items related to Other Comprehensive Income has not been set up in the system. This could involve missing definitions for specific accounts or categories that should be used to offset OCI items.
  
  
  Incorrect Account Assignment: There may be an issue with how accounts are assigned in the financial statements or in the configuration of the financial reporting module.
  
  
  Data Entry Errors: Sometimes, the error can arise from incorrect data entry or missing data in the relevant financial documents.
  
  
  Solution:
  To resolve the UCF6758 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Other Comprehensive Income in your SAP system. This is typically found in the Financial Accounting (FI) module.
  Ensure that the offsetting items for OCI are properly defined. This may involve setting up the necessary accounts in the chart of accounts and ensuring they are linked correctly.
  
  
  
  Define Offsetting Items:
  
  Navigate to the relevant configuration path (usually under Financial Accounting > General Ledger Accounting > Business Transactions > Other Comprehensive Income).
  Define the offsetting items for OCI. This may involve specifying which accounts should be used to offset OCI items.
  
  
  
  Review Account Assignments:
  
  Check the account assignments in your financial documents to ensure that they are correctly linked to the defined OCI accounts.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring OCI and offsetting items. This can provide insights into any additional steps or considerations.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs and that the OCI items are being processed correctly.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration and making adjustments, consider reaching out to SAP support 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 guidance on configuring OCI.
  Training and Documentation: Consider reviewing training materials or documentation related to financial accounting in SAP, particularly focusing on Other Comprehensive Income and its configuration.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to resolve the UCF6758 error and ensure that your SAP system is correctly configured for handling Other Comprehensive Income.