How To Fix FINS_BCF_EN013 - Retained earnings account &1 wasn't created in chart of account &2.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_BCF_EN - Balance Carry Forward

• Message number: 013

• Message text: Retained earnings account &1 wasn't created in chart of account &2.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_BCF_EN013 - Retained earnings account &1 wasn't created in chart of account &2. ?

  The SAP error message FINS_BCF_EN013 indicates that a retained earnings account has not been created in the specified chart of accounts. This error typically arises during the execution of financial processes, such as closing periods or running financial reports, where the system expects to find a retained earnings account for the specified chart of accounts.
  Cause:
  
  Missing Retained Earnings Account: The primary cause of this error is that the retained earnings account has not been defined in the chart of accounts specified in the error message.
  Incorrect Configuration: The configuration settings for the financial accounting module may not have been set up correctly, leading to the absence of the required account.
  Chart of Accounts Issues: The chart of accounts being used may not be properly linked to the company code or may not have the necessary accounts defined.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Create the Retained Earnings Account:
  
  Go to the transaction code OBY6 (or FS00 for account creation).
  Select the appropriate chart of accounts (COA) mentioned in the error message.
  Create a new G/L account for retained earnings. Ensure that:
  
  The account type is set to "Balance Sheet" (typically, this is account type "A").
  The account is marked as a retained earnings account.
  The account number is consistent with your organization's numbering scheme.
  
  
  
  
  
  Check Configuration:
  
  Ensure that the retained earnings account is properly configured in the financial accounting settings.
  Go to SPRO (SAP Reference IMG) and navigate to:
  
  Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Retained Earnings Account.
  
  
  Verify that the retained earnings account is assigned to the correct chart of accounts.
  
  
  
  Link Chart of Accounts to Company Code:
  
  Ensure that the chart of accounts is correctly assigned to the company code in the configuration settings.
  You can check this in SPRO under:
  
  Financial Accounting (New) > Financial Accounting Global Settings (New) > Assign Company Code to Chart of Accounts.
  
  
  
  
  
  Test the Configuration:
  
  After creating the account and ensuring proper configuration, run the transaction or report again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Define retained earnings account.
  FS00: Create/change G/L account master data.
  SPRO: Access the SAP Reference IMG for configuration settings.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring financial accounts and understanding retained earnings in the context of your specific version of SAP.
  
  
  User Roles: Ensure that you have the necessary authorizations to create or modify G/L accounts and access configuration settings.
  
  
  By following these steps, you should be able to resolve the error message FINS_BCF_EN013 and ensure that the retained earnings account is properly set up in your SAP system.