This step is prerequisite step to open the general ledger accounts latter. If you don't define this step the system will not allow creating the general ledger account.
Path: same as above: TC: OB53
Give the p&l statement account type as: X Give any account number in the liability account group: 199999(herein this step we are presuming that this account is our retained earnings account only. Hence the system gives a warning message: the particular account is not opened in chart of accounts. Ignore the message pressing button. And save the data. The appearance of the screen will be like this.
The above three customization requirements are prerequisites to open a general ledger account in sap system. Now we can open general ledger accounts.
