How To Fix GI264 - A corporate acct no.is not specified for ret.earnings acct & in ch/acct &

GI264 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 264

• Message text: A corporate acct no.is not specified for ret.earnings acct & in ch/acct &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GI264 - A corporate acct no.is not specified for ret.earnings acct & in ch/acct & ?

  The SAP error message GI264 indicates that there is a missing corporate account number for the retained earnings account and the chart of accounts. This error typically arises during the posting of financial transactions, particularly when dealing with year-end closing processes or when trying to post to retained earnings.
  
  Cause:
  
  Missing Configuration: The corporate account number for the retained earnings account has not been specified in the system configuration.
  Incorrect Chart of Accounts: The chart of accounts being used does not have the necessary settings for the retained earnings account.
  Account Assignment Issues: The account assignment for the retained earnings account may not be correctly set up in the financial accounting module.
  
  
  Solution:
  To resolve the GI264 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare G/L Account Creation).
  Ensure that the retained earnings account is