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

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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, such as missing or incorrect account assignments.
  
  
  Solution to GI263 Error
  
  
  Check Chart of Accounts:
  
  Go to the transaction code OBY6 (Define Chart of Accounts) and ensure that the retained earnings account is defined for the relevant chart of accounts.
  
  
  
  Define Retained Earnings Account:
  
  Use transaction code OB53 to define the retained earnings account for your company code. Ensure that the account is correctly assigned and active.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings using transaction code OBY1. Ensure that the retained earnings account is correctly assigned to the company code.
  
  
  
  Check Account Assignment:
  
  Verify that the account assignment for the retained earnings account is correct in the financial accounting settings. This can be done through transaction code FS00 to check the account master data.
  
  
  
  Run Year-End Closing:
  
  If the error occurs during year-end closing, ensure that all necessary steps have been completed before running the closing process. This includes ensuring that all postings are complete and that the retained earnings account is properly configured.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your version of SAP and the configuration of your financial accounting module.
  
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY1 (Company Code Global Parameters), OB53 (Retained Earnings Account), and FS00 (G/L Account Master Record).
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the GI263 error. SAP Notes can provide specific solutions or workarounds.
  
  
  Testing: After making changes, perform testing to ensure that the error is resolved and that financial processes can be completed without issues.
  
  
  If the problem persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Financial Accounting for further assistance.