EGL: Year End Close Fails With: "Retained Earnings Account XXXXX Is Not A Valid Balance Sheet Account"

(Doc ID 981613.1)

Last updated on SEPTEMBER 14, 2016

Applies to:

PeopleSoft Enterprise FIN General Ledger - Version 8 to 9.1 [Release 8 to 9]
Information in this document applies to any platform.
****Checked for Relevance on 10-05-2011****
****Checked for Relevance on 12-06-2013****



Year end close process (GLPCLOSE) fails with below error message:

"Retained Earnings account XXXXX is not a valid Balance Sheet account"


> ERROR IN PGM:(5820,63) PI(200288) Program(GLPCHECK)
Retained Earnings account XXXXX is not a valid Balance Sheet account.
> INFO(5820,5) PI(200288) Program(GLPCLOSE)
1 request(s) completed: 0 successfully, 1 with errors


Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms