How To Fix UCMI029 - Selected items: Item &1 is not a balance sheet item

SAP Error Message - Details

• Message type: E = Error

• Message class: UCMI - Messages for Breakdown Category, Item, Document Type, ...

• Message number: 029

• Message text: Selected items: Item &1 is not a balance sheet item

What causes this issue?

In the <ZK>Selected Items</>, the items you specify on tab pages
<ZK>Clearing - Balance Sheet </> and <ZK>Deferred Taxes - Balance Sheet
</> must always have the <DS:GLOS.615F0191A481D511B1250008C784EFB1>item
type</> <ZK>Balance Sheet</>.
However, item &V1& has a different item type.

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?

Change the item type of item &V1&, or do not use this item.

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 UCMI029 - Selected items: Item &1 is not a balance sheet item ?

  The SAP error message UCMI029 indicates that the selected item (in this case, Item &1) is not classified as a balance sheet item. This error typically arises in the context of financial reporting or when trying to perform certain operations that require the item to be a balance sheet item.
  Cause:
  
  Item Classification: The item in question is not defined as a balance sheet item in the system. This could be due to incorrect configuration or classification in the financial accounting module.
  Account Type: The account associated with the item may be classified as a profit and loss account rather than a balance sheet account.
  Data Entry Error: There may have been an error during data entry or configuration that led to the item being incorrectly categorized.
  
  Solution:
  
  
  Check Item Configuration:
  
  Navigate to the configuration settings for the item in question.
  Ensure that the item is correctly classified as a balance sheet item. This may involve checking the account type and ensuring it is set to a balance sheet account.
  
  
  
  Review Account Settings:
  
  Go to the account settings in the SAP system and verify the account type associated with the item.
  If the account is incorrectly set as a profit and loss account, you may need to change it to a balance sheet account.
  
  
  
  Consult with Financial Team:
  
  If you are unsure about the classification, consult with your finance or accounting team to ensure that the item should indeed be a balance sheet item.
  
  
  
  Use Transaction Codes:
  
  You can use transaction codes like FS00 (to display/change G/L account master data) to check the account settings.
  Use OBD4 to check the account determination settings.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for detailed information on account types and classifications.
  Transaction Codes: Familiarize yourself with relevant transaction codes for financial accounting, such as FBL3N (G/L account line items) and F-02 (Enter G/L account document).
  User Roles: Ensure that you have the necessary permissions to make changes to account classifications and settings.
  
  If the issue persists after following these steps, it may be beneficial to reach out to your SAP support team or consult with an SAP expert for further assistance.