"Fiscal year '%1', general ledger account '%2': General ledger account for the opening balance has not been entered." Why do you receive this notification and what can you do to resolve it?

"The To General Ledger Account field does not contain a balance sheet account type." Why do you receive this notification and what can you do to resolve it?

"The field 'To General Ledger Account' has not been entered for account '%1' which is required for a profit & loss account." Why do you receive this notification and what can you do to resolve it?

Notifications may appear both when creating and updating the fiscal year. If these appear, the fiscal year must be recreated or updated after the error(s) have been resolved. Some examples of common error messages and the possible solutions and/or follow-up actions are in this article.

The creation and maintenance of general ledger accounts in MKG is done in the 'General Ledger Accounts' module.