How To Fix FINS_BCF_EN010 - Create the retained earnings account &1 in company code &2.

FINS_BCF_EN010 - Overview

• Message type: E = Error

• Message class: FINS_BCF_EN - Balance Carry Forward

• Message number: 010

• Message text: Create the retained earnings account &1 in company code &2.

What causes this issue?

Retained earnings account &V1& not created in company code &V2&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Create the retained earnings account &V1& in company code &V2&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_BCF_EN010 - Create the retained earnings account &1 in company code &2. ?

  The SAP error message FINS_BCF_EN010 indicates that the system is unable to find a retained earnings account for a specific company code. This typically occurs during the year-end closing process or when trying to execute financial statements that require a retained earnings account.
  
  Cause:
  The error is caused by the absence of a retained earnings account in the specified company code. This account is necessary for the proper functioning of financial reporting and closing processes, as it is used to carry forward the net income or loss from the previous fiscal year.
  
  Solution:
  To resolve this error, you need to create the retained earnings account in the specified company code. Here are the steps to do this:
  
  
  Access the SAP GUI: Log in to your SAP system.
  
  
  Navigate to the Account Creation Screen:
  
  Use transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Records > G/L Account > Create).
  
  
  
  Create the Retained