While creating an expense account, i get the error Make an entry in field "P&L statmt acct type".
> I have created a COA and assigned to CoCd and retained earning acct is also created with X.
> Didn't get error while creating asset account/bank
fsoo error_s4hana
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Hi Krushnakanth,
'P&L statement account type' field is maintained when creating GL account with 'GL account type' , Primary Cost & revenue & Non operating Cost & Revenue.
Managed to solve the issue.
Under ledger, while setting up Currency conversion setting I had maintained currency type 11 instead of 30 (group currency) and this caused the error above.