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****

Symptoms

Issue
--------

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

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

Error
--------

> 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

Cause

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