How To Fix GI265 - Retained earnings acccount & is not supported in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 265

• Message text: Retained earnings acccount & is not supported in company code &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GI265 - Retained earnings acccount & is not supported in company code & ?

  The SAP error message GI265 indicates that there is an issue with the retained earnings account configuration in the specified company code. This error typically arises during the year-end closing process or when trying to post to the retained earnings account.
  Cause:
  
  Account Configuration: The retained earnings account may not be properly configured in the chart of accounts or may not be assigned to the company code.
  Account Type: The account may not be set up as a balance sheet account or may not be marked as a retained earnings account in the system.
  Missing Settings: The necessary settings for the retained earnings account in the financial accounting (FI) module may be missing or incorrect.
  Company Code Issues: The company code may not be properly set up to use the specified retained earnings account.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OB52 to check the fiscal year variant and ensure that the retained earnings account is correctly assigned.
  Use transaction code FS00 to check the account settings for the retained earnings account. Ensure that it is set as a balance sheet account and is assigned to the correct company code.
  
  
  
  Assign Retained Earnings Account:
  
  If the retained earnings account is not assigned, you can assign it using transaction code OBY6. Make sure to assign the correct retained earnings account to the company code.
  
  
  
  Review Year-End Closing Settings:
  
  Ensure that the year-end closing settings are correctly configured. You can check this in the transaction code OBY2 to see if the retained earnings account is specified for the year-end closing process.
  
  
  
  Check for Missing Authorizations:
  
  Ensure that the user has the necessary authorizations to post to the retained earnings account.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be required for your version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  FS00: G/L Account Master Record
  OBY6: Assign Retained Earnings Account
  OBY2: Year-End Closing Settings
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  User Forums: Consider visiting SAP community forums or user groups for additional insights and solutions from other users who may have encountered the same issue.
  
  
  By following these steps, you should be able to resolve the GI265 error and ensure that your retained earnings account is properly configured for the company code in question.