Retained Earnings Account is not supported in company code

[former_member466848]

Hi,

We are trying to post a P&L journal entry into a prior period (12) in the previous fiscal year (2007). The period 12 in 2007 is open. The two P&L accounts involved in the transaction have been defined with a P&L statement account type in the master data. We have a GL account maintained for this PL account type in the config. But this GL account is not created in our company code.

We were able to post the P&L documents in this company code during the entire 2007. But we are not able to do it now.

What could be the possible reason? I am aware that creating the retained earnings GL in our company code will solve the issue, but I would like to know how were we able to post all thru 2007 and not now.

Thanks,

Venkat

[Former Member · Accepted solution]

Check transports that have been applied recently as well as any hot packs, or service packs

There could be something there.

What version of SAP are you on?

Also it could be as simple as now you are in period 12 it expects that account to be there.

[former_member466848 · Accepted solution]

Mark,

I am not aware of any patches that have been applied.

Also it could be as simple as now you are in period 12 it expects that account to be there.

I am trying to post to period 11 now for testing (period 11 is opened) and the system still does not allow it.

[Former Member]

Hi Venkat

In one of the test system I also encountered the same error. The cause of the error is as follows:

1 You are sharing the same chart of account used by other companies.

2 The settings in OB53 is CoA specific and not company code specfic.

So in the year of assignment it is permitting you to post the transaction since RE account is not really required. When you are moving to the next period it is looking for RE account company code since the PL account has to folow to this account during year end operation that is why it is throwing an error. Once this is created it allows you to post the transaction and which will not have any impact.

[Former Member]

Hi Venkat

You cannot post to a retained earnings accounts directly. Further it does not really when you create this account. Creation of retained earnings account is the first step in the COA witout which you would not have created the other accounts. Can you explain further what exactly you are trying to do?

[former_member466848]

Hi,

We are trying to do a journal entry (Dr 4XXXX, Cr 5XXXX) in period 12 of 2007 in copmany code CCCC. The above GL accounts (4XXXX, 5XXXXX) have a PL statement acct type (AB) defined in the GL master.

In the config, we have assigned AB to 6XXXXX (retained earnings GL account). But 6XXXXX does not exist in our company code CCCC. It (6XXXXX) exists in other company codes though.

Now I can do a P/L journal entry in company CCCC in period 01 of 2008 but not in period 12 of 2007, infact I cannot post any P/L journal entry in any period in 2007. The system issues an error message Retained earnings account not supported in company CCCC.

We are NOT posting directly to RE account.

[Former Member]

Why dont you extend this to your company code using FS00? Did you post any JV earlier in this CC or is this the first JV you are posting?

[former_member466848]

We have posted lots of JVs in this CC in 2007.

If we extend the RE account to our CC now, does it have any retro impact on the prior JVs during carry forward?

[Former Member]

1 We need to check when you have posted in 2007 why you are not able to post it in 2008.

2 You also state that the RE account has not been there in Company code.

Pl try to simulate whether you are able to post a JV in 2007 just to check whether you are getting an error or not.

If you extend the GL account there will not be any impact for entries posted earlier.

[former_member466848]

Hi Sivakumar,

I tried to post a P/L JV in 2008 without creating the RE account in company code. The system allows to post the JV.

The system issues an error message when trying to post the same JV in 2008 with a 2007 posting date.

May be its a standard functionality...

[Former Member]

No it is a news to me. I just posted one and it is not throwing any error. I cannot comment without really looking into the system.