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Former Member

Consolidation group change: Balance sheet/income statement balance 14,560

Posted on Apr 23, 2011 at 10:00 AM 13 Views

Dear All,

While performing the consolidation group change task, system throws the error message :

Balance sheet/income statement balance 14,560,497.62- INR

Message no. UCD1011

Diagnosis

The document to be posted is not completely in balance.

Entries involving items of the balance sheet or the income statement must always have a zero balance to ensure that both the balance sheet and the income statement are balanced, respectively. This is not true in this case.

System Response

Entry cannot be posted.

Procedure

Correct the amounts for the balance sheet items and/or income statement items.

I have checked the COI Settings and not showing any error.

I have analysed the problem and found that system is not picking one FS item 107501 i.e Profit and Loss CY.

Can any one suggest me how to resolve this.

Thanks in advance.

G Vinod

SCM BCS Business Consolidation
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1 Answer

  • Best Answer
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    Dan Sullivan
    Posted on Apr 25, 2011 at 04:00 PM

    I have experienced this when the reclassification of net income to retained earnings is not executed or needs to be re-executed due to data being reloaded.

    My initial suggestions is to re-execute this reclassification and then re-execute the cons group changes task.

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    • Dan Sullivan Former Member
      May 04, 2011 at 03:27 PM

      In my experience the only entry for the reclassification of profit to retained earnings is to BS - Profit and loss - CY and PL - PL Clearing A/c.

      What is the purpose of PL- Profit before MI - Cr and BS- BS Clearing A/c?

      Are you using COI? If so there should be a setting for Appropriation of Retained Earnings for Org changes and method changes which may be substituted for the BS - Profit and loss - CY in PCC. If you are not using COI then it is a setting in PCC configuration.