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author's profile photo Former Member
Former Member

Problem in creating profit and loss account

I am trying to create a trading goods consumption expenses account in general ledger account

While trying to create profit and loss account. it is asking me to select open item management in account management company code in addition to open line item display

it should not have been displayed as it is a P&L account

Can somebody help me to find my error in the steps i have taken to create the account

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Dec 24, 2013 at 09:10 AM

    Hi Aniket,

    Have you created in the Account group-"EXPENDITURE ACCOUNTS".

    If you have created under Assets or liabilities block then there will be some error.

    Attach the screenshot of the T code FS00 for the problematic GL.

    Regards,

    G.Sethuraman

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 31, 2013 at 03:00 PM

    Hi Aniket,

    Please check the GL Account Group, Field Status seems mandatory.

    T. Code - OBD4 - Account Management

    Regards,

    Jaymin R. Bhatt

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 01, 2014 at 10:11 AM

    Hi Aniket,

    The Company code section fields of a GL master are controlled by Account group settings of the GL master. So please check what account group you have selected (as suggested by Jaymin) and then check the settings whether OIM and LI display are marked as mandatory for that account group.

    The accordingly you need to select your account group as per your requirement.

    Regards,

    Kavita

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