Error Posting Is Not Allowed For This Account At Retained Earnings Account
(Doc ID 2385422.1)
Last updated on DECEMBER 16, 2020
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.
While setting up a new ledger the following error occurs:
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
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