Page 1 of 1
Set of Books defining Error
Posted: Sat Jul 12, 2008 5:57 pm
by nadeem_blr
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
Posted: Sun Jul 13, 2008 12:25 am
by sony
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.
Posted: Mon Jul 14, 2008 3:52 am
by nadeem_blr
Hi Kareem,
I re-runned AFF compilation, It is OK now.
Thanks a lot.
Bye n take care
Posted: Mon Jul 14, 2008 4:10 am
by nagaramesh
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
Posted: Mon Jul 14, 2008 9:49 am
by Murthyoracle
Hi Nadeem,
the solution which was given Nagaramesh is correct. Please verify and ensure accordingly.
Regards,
Posted: Sat Jul 19, 2008 9:16 am
by kavinah
have you checked your chart of account?
Posted: Sat Jul 19, 2008 5:11 pm
by nadeem_blr
Thanks everybody,
I checked my Chart of Account and re-runned compilation.
It is ok and working fine.
bye
Nadeem