R12 Error:'Your Retained Earnings Account must be a balance sheet account'
Last updated on SEPTEMBER 26, 2017
Applies to:Oracle General Ledger - Version 12.0 to 12.1.3 [Release 12.0 to 12.1]
Information in this document applies to any platform.
While setting up a new ledger the following error occurs:
Your Retained Earnings Account must be a balance sheet account
STEPS TO REPRODUCE:
1. GL Responsibility > Accounting Setups
2. Enter a value for Retained Earnings Account
3. Observe the error
Creating new ledger
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