I am gettting an Error during Accouting Setup in Ledger Options while creating a ledger for retained earnings as "Your Retained Earnings account must be a balance sheet account." I checked the flexfields and also freezed the Flexfield Definitions but still getting the same error.
regards,
Tejash P.
Error during Accouting Setup in Ledger Options
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Daer Tejash,
Retained Earnings account type should be Ownership/Stochholder Othewise below error message getting.
"Your Retained Earnings account must be a balance sheet account"
In your scenario, Please create the New account with Account types is Ownership/Stockholder and assign the same account in Accounting set up level.
Thanks & Regards,
Madhu
Retained Earnings account type should be Ownership/Stochholder Othewise below error message getting.
"Your Retained Earnings account must be a balance sheet account"
In your scenario, Please create the New account with Account types is Ownership/Stockholder and assign the same account in Accounting set up level.
Thanks & Regards,
Madhu
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