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Retained account error in accounting setup (ORACLE R12) [message #493376] Mon, 07 February 2011 10:45 Go to next message
shary
Messages: 15
Registered: May 2006
Location: KUWAIT
Junior Member

Dears,

I am facing a problem while updating the accounting setup for a ledgerin GL when entering the retained account "Your retained eraning accounts must be a balance sheet account".
Please help me to solve the problem as i cannot able to find any solution on the internet .I appreciate if you can check this error and provide me the solution and revert me back.
PLEASE FIND ATTACHED THE ERROR FOR YOUR REFERNCE
regards,
S786




Re: Retained account error in accounting setup (ORACLE R12) [message #493419 is a reply to message #493376] Mon, 07 February 2011 18:17 Go to previous messageGo to next message
vamsi kasina
Messages: 2112
Registered: October 2003
Location: Cincinnati, OH
Senior Member
As the error says, you may be using the account segment, which is not intend for this.
Check this.

By
Vamsi
Re: Retained account error in accounting setup (ORACLE R12) [message #493437 is a reply to message #493419] Mon, 07 February 2011 23:18 Go to previous messageGo to next message
shary
Messages: 15
Registered: May 2006
Location: KUWAIT
Junior Member

Dears ,

I didn't understand what you have suggested me, can you please provide me a snapshot or steps to fix the issue.
Please note that I have used Natural account qualifier on the account segment and I am not able to understand what is the issue.
Please help me to solve the problem.

Regards,
S786
Re: Retained account error in accounting setup (ORACLE R12) [message #493466 is a reply to message #493437] Tue, 08 February 2011 04:35 Go to previous messageGo to next message
yknev
Messages: 38
Registered: August 2010
Member
Hi,

Retained Account should be non-expense and non-revenue account. Please check your account type.

Regards,
yknev
Re: Retained account error in accounting setup (ORACLE R12) [message #493472 is a reply to message #493419] Tue, 08 February 2011 05:20 Go to previous messageGo to next message
shary
Messages: 15
Registered: May 2006
Location: KUWAIT
Junior Member

Dears ,

can any one provide me the solution to fix the issue.

Regards,
s786
Re: Retained account error in accounting setup (ORACLE R12) [message #493529 is a reply to message #493472] Tue, 08 February 2011 09:54 Go to previous messageGo to next message
shary
Messages: 15
Registered: May 2006
Location: KUWAIT
Junior Member

Dear yknev ,

Please note that my account type is already non revenue and no expense. I am using ownership type for retained earning account.
Please find attached is the snapshot for your refernce.
Please if you can send me the snapshot or steps to solve the issue.
Regards,
Shary
Re: Retained account error in accounting setup (ORACLE R12) [message #493593 is a reply to message #493529] Tue, 08 February 2011 23:04 Go to previous message
yknev
Messages: 38
Registered: August 2010
Member
Hi Shery,


Create New account with account type is Owership/Stockhold and please assign the same account at Retained Earnings Field.

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