How To Fix GG208 - Standard account for balance carried forward cannot be assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: GG - Messages for FI-SL customizing

• Message number: 208

• Message text: Standard account for balance carried forward cannot be assigned

What causes this issue?

No chart of accounts is assigned to the ledger-global company
combination. However, the chart of accounts is the key for the table
in which the standard accounts are defined.

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?

Assign a chart of accounts to the ledger-global company combination.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GG208 - Standard account for balance carried forward cannot be assigned ?

  The SAP error message GG208, which states "Standard account for balance carried forward cannot be assigned," typically occurs in the context of financial accounting, particularly during the year-end closing process or when trying to carry forward balances from one fiscal year to the next.
  
  Cause:
  
  Missing Configuration: The standard account for balance carryforward has not been defined in the system. This could be due to missing settings in the financial accounting configuration.
  Incorrect Account Assignment: The account that is supposed to be used for carrying forward balances may not be correctly assigned in the configuration settings.
  Account Type Issues: The account type may not be compatible with the carryforward process. For example, it may not be a balance sheet account or may not be set up correctly in the chart of accounts.
  Authorization Issues: The user may not have the necessary authorizations to perform the carryforward operation.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction