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

FINS_BCF_EN013 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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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