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author's profile photo Former Member
Former Member

Error in creating G/L a/c

Hi,

I am trying to create G/L account, I am getting this error

'No PL statement account type is defined in charts of accounts'. I have created account group also. Please help.

Thanks,

Keshma.

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    author's profile photo Former Member
    Former Member
    Posted on Jun 15, 2006 at 05:05 PM

    Hi Keshma,

    Go to t-code OB53 (Retained Earninga account)

    Under P & L statement enter X

    under Account - enter any GL or something 1010100

    and SAVE it. Again dont forget to save it.

    You will not get the error

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 19, 2006 at 05:48 PM

    Hi Dave,

    I have done all that were required and I was able to save the RE accounts, but could still not see it in my chart of accounts and I need to assign this to my P & L accounts. Please what else am i missing now?

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    • Former Member Former Member

      Hi Deepa,

      I am not sure that I understand what you mean, since I would not be able to use this Retained Earnings accounts for any of my company codes because it is not in my chart of accounts. In case you misread my RE to mean reconciliation account? - I am referring to RE - Retained Earnings account. Thanks

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