ASM Accounting Setup Manager When Attempt to Define Account Code Combinations for a New Secondary Ledger get "Posting Is Not Allowed For This Account" (Doc ID 1493713.1)

Last updated on AUGUST 15, 2014

Applies to:

Oracle General Ledger - Version 12.1.3 and later
Information in this document applies to any platform.
Accounting Setup Manager (ASM)

Symptoms

While setting up a new Secondary Ledger, when enter the Retained earnings account, Suspense account and Rounding Difference Tracking account and save, the following error occurs :-

Error
--------
Posting is not allowed for this account


The Segments and Account combinations are all set to Allow Posting.
The Accounting Flexfield has been re-compiled successfully yet the issue remains.

Steps
-------
1. Setup up Primary Ledger - no issue with setup. completed successfully
2. Setup Secondary Ledger, created separate COA and compiled successfully.
In the Account setup form entered:
- Retained Earnings account - 222211.0000.30170.0000.000000.0000
- Suspense account - 222211.0000.25999.0000.000000.0000
- Rounding Difference Tracking account: 222211.0000.70745.0000.000000.0000
- Enabled Intra company balance
- Enabled default end rate type - Corporate.
CLICK NEXT.
Get the error "Posting is not allowed for this account".

Changes

 New Setup

Cause

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