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error while creating reconciliation account

Hi,

While creating reconciliation account in FS00 , after clicking on create ,

system shows message"No PICICL statement account type is defined in chart of account ICIC.

How to get over it.Pl suggest.

Regards,

Abhijeet

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6 Answers

  • Posted on Jun 10, 2014 at 04:38 PM

    Hi Abhijeet,

    Maintain retained earning account in OB53. Enter X for P&L statement column and leave the account column blank.

    Go to FS00 create on retained earning account and assign that account in OB53. Now try to create your recon account through Fs00.

    Regards,

    Mohammed Kalim

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  • Posted on Jun 10, 2014 at 05:45 PM

    Hi Kalim,

    Here I will explain you detail of issue.

    While creating vendor master record,system is asking reconciliation account.

    As you said, I put X for P&l column,but while saving system asked to enter acc no.

    In FS00 system shows same message again.

    Regards,

    Abhijeet

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  • Posted on Jun 10, 2014 at 06:51 PM

    I am not able to save that entry..

    Pl help

    Abhijeet

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  • Posted on Jun 11, 2014 at 05:22 AM

    Hello Abhijeet,

    All basic FICO must be customizae before create the GL account.

    1. Create Chart of accounts.......OB13

    2. Create Company code ........OX02

    3. Assign chart of accounts to company code...OB62

    4. Create field status variant groups & assign to company code OBC4 & OBC5

    5. Create account groups under chart of account......OBD4

    6. Create one Retained balances account under Balance sheet account assign in customization as carryforward GL account. FSP0 & OB53

    Reagrds

    Mani

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  • Posted on Jun 11, 2014 at 06:27 AM
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  • Posted on Jun 12, 2014 at 07:21 PM

    Thank you all...

    Abhijeet

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