Error! You cannot validate this journal entry because account "Prepayment" does not belong to chart of accounts "Period Opening
I get this error message when trying to post the journal entry for period opening of the new financial year. Any idea where this message is coming from?
Error! You cannot validate this journal entry because account "Prepayment" does not belong to chart of accounts "Period Opening Use".
Yes, I think it is related to the "parent" of accounts. First, you should check if the accounts mentioned in the error message ( account called "Period Opening Use" & "Prepayment" ) have their "parent"s. I have checked that if you go to "Accounting>>Configuration>>Accounts>>Account" and find out that the field of parent of account "Period Opening Use" is blank, this journal entry would not be posted. As a result, just go to "Accounting>>Configuration>>Accounts>>Account" and click "edit" to provide a "parent" for your "Period Opening Use" account.
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|Asked: 6/15/13, 11:57 AM|
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|Last updated: 3/16/15, 8:10 AM|