Hi,
I defined 'Accounting Key FF structure and defined their values.
While defining Set of Books, when I select RETAINED EARNINGS FF combination, it is erroring "Your Retained Earnings account must be a balance sheet account".
I checked many times my KFF setup/values, they are OK.
Please anyone guide me where I might have gone wrong.
Regards,
Nadeem Ahmed
Set of Books defining Error
-
- Posts: 10
- Joined: Fri Jun 06, 2008 3:06 am
- Location: Bahrain
Hi Nadeem ,
Have you filled in values in respective value set for all the segments in accounting flexfield structure .
The code combination you are trying to enter while giving out retained earnings account is matching with the existing codes in value set ?
Have you given flexfield qualifier for company and accounting segment as "Balancing segment " and " natural account " segment respectively ?
Make sure you don't have Flexfield qualifier chosen as Balancing segment other than company segment in your COA .
Did your compilation of AFF run successfully ?
Lastly , check if your accounting flexfield is in Freeze mode or not .
Give these a shot , it might help you .
Thanks,
Kareem.
Have you filled in values in respective value set for all the segments in accounting flexfield structure .
The code combination you are trying to enter while giving out retained earnings account is matching with the existing codes in value set ?
Have you given flexfield qualifier for company and accounting segment as "Balancing segment " and " natural account " segment respectively ?
Make sure you don't have Flexfield qualifier chosen as Balancing segment other than company segment in your COA .
Did your compilation of AFF run successfully ?
Lastly , check if your accounting flexfield is in Freeze mode or not .
Give these a shot , it might help you .
Thanks,
Kareem.
-
- Posts: 10
- Joined: Fri Jun 06, 2008 3:06 am
- Location: Bahrain
-
- Posts: 64
- Joined: Sun Jun 29, 2008 12:47 am
- Location: India
Hi Nadeem
Could u pls check ur Account segment qualifier, bcas It should be either asset/liability type (i.e. balance sheet Item) If not system will not allow u to choose that ac.
Thanks
nagaramesh
[quote]Hi,
I defined 'Accounting Key FF structure and defined their values.
While defining Set of Books, when I select RETAINED EARNINGS FF combination, it is erroring "Your Retained Earnings account must be a balance sheet account".
I checked many times my KFF setup/values, they are OK.
Please anyone guide me where I might have gone wrong.
Regards,
Nadeem Ahmed
<i><div align="right">Originally posted by nadeem_blr
Could u pls check ur Account segment qualifier, bcas It should be either asset/liability type (i.e. balance sheet Item) If not system will not allow u to choose that ac.
Thanks
nagaramesh
[quote]Hi,
I defined 'Accounting Key FF structure and defined their values.
While defining Set of Books, when I select RETAINED EARNINGS FF combination, it is erroring "Your Retained Earnings account must be a balance sheet account".
I checked many times my KFF setup/values, they are OK.
Please anyone guide me where I might have gone wrong.
Regards,
Nadeem Ahmed
<i><div align="right">Originally posted by nadeem_blr
-
- Posts: 147
- Joined: Thu Sep 06, 2007 9:13 am
- Location: India
-
- Posts: 10
- Joined: Fri Jun 06, 2008 3:06 am
- Location: Bahrain
Who is online
Users browsing this forum: Bing [Bot] and 0 guests