How To Fix GI263 - Error when reading retained earnings account & in chart of accounts &

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 263

• Message text: Error when reading retained earnings account & in chart of accounts &

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GI263 - Error when reading retained earnings account & in chart of accounts & ?

  The SAP error message GI263 typically indicates an issue related to the retained earnings account in the chart of accounts. This error can occur during various financial processes, such as posting transactions or running reports, and it usually points to a configuration or data issue in the financial accounting module.
  Cause of GI263 Error
  
  
  Missing Retained Earnings Account: The retained earnings account may not be defined in the chart of accounts for the company code you are working with.
  
  
  Incorrect Configuration: The configuration settings for the retained earnings account may be incorrect or incomplete. This includes settings in the financial accounting module that relate to year-end closing or profit and loss account settings.
  
  
  Company Code Issues: The company code may not be properly set up to use the retained earnings account, or there may be inconsistencies in the company code settings.
  
  
  Data Inconsistencies: There may be inconsistencies in the master data related to the accounts,