Error Posting Is Not Allowed For This Account At Retained Earnings Account

(Doc ID 2385422.1)

Last updated on APRIL 22, 2018

Applies to:

Oracle General Ledger - Version 12.0 to 12.2 [Release 12.0 to 12.2]
Information in this document applies to any platform.

Goal

While setting up a new ledger the following error occurs:

ERROR:

Posting is not allowed for this account

STEPS TO REPRODUCE:

 1. Open the following screen
     Responsibility: General Ledger
     (N)Setup : Financials : Accounting Setup Manager : Accounting Setups

 2. Update Ledger: Leger Option (Step 2 of 4)

 3. Enter a value for Retained Earnings Account

 4. The error occurs

Solution

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