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 Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Closing > Carryforward Balances.
  Ensure that the standard account for balance carryforward is defined and correctly assigned.
  
  
  
  Verify Account Assignment:
  
  Check the account assignments in the relevant financial statement version or in the chart of accounts to ensure that the correct accounts are being used for the carryforward process.
  
  
  
  Review Account Types:
  
  Ensure that the accounts involved in the carryforward process are set up as balance sheet accounts and are compatible with the carryforward functionality.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to perform the carryforward operation. This may involve checking user roles and permissions in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes or guidelines related to the carryforward process in your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test carryforward to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (to maintain the posting period), and FAGLB03 (to view general ledger balances).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the GG208 error message in SAP.