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Oct 29, 2010 at 09:03 PM

No P4040L statement account type is defined in chart of accounts 4040

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Hello,

I have maintained account group P & L in SPRO >Financial Accounting >General Ledger accounting >Preparation >Defined Account Group.

When trying to create G/L account FS00 it throws error message

No P4040L statement account type is defined in chart of accounts 4040

Saying "No P&L statement account type is defined in chart of accounts 4040"

Procedure Define a P&L statement account type in chart of accounts 4040

When I have given account group with chart of accounts 4040 why still I am getting this error? Once I deleted entry & added P & L in Chart of accounts 4040.

Experts, Please advise solution.

Thanks