How To Fix GI266 - An alternat.acct no.is not specified for ret.earnings acct & in ch/acct &

GI266 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 266

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

Self-Explanatory Message

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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 GI266 - An alternat.acct no.is not specified for ret.earnings acct & in ch/acct & ?

  The SAP error message GI266 indicates that there is an issue with the configuration of the account settings related to retained earnings in the system. Specifically, it suggests that an alternative account number has not been specified for the retained earnings account in the chart of accounts.
  
  Cause:
  This error typically arises due to one of the following reasons:
  
  Missing Configuration: The alternative account for retained earnings has not been defined in the system.
  Incorrect Account Assignment: The account assigned for retained earnings may not have an alternative account specified in the chart of accounts.
  Chart of Accounts Settings: The settings in the chart of accounts may not be properly configured to handle alternative accounts.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Records > G/L Accounts > Individual Processing > Change).
  Look for the retained earnings