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In Odoo 14.0, a new database, I am creating my first contact, but it requires me to populate Account Receivable and Account Payable. 

When I create an account receivable in the Account Receivable and save, it reports: "You cannot have a receivable/payable account that is not reconcilable".

Please tell me how to resolve this? Thanks

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in addition to Ermin's answer, you can use a "collective" Receivable or Payable account if you do not need to have one specific account for each contact.

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As the error message says, activate "Allow Reconciliation" for the corresponding accounts:



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