Invalid Fund Principal Account in Closed Year Posting
This troubleshooting guide addresses the error "Invalid fund principal account in G/L setup" that occurs when trying to post transactions to a closed year in any version of General Ledger. The error is caused by the absence of a selected Fund Principal account in General Ledger Setup. The solution involves adding the fund principal account through the Advanced Tools settings.
When trying to post transactions to a closed year, this error displays:
Invalid fund principal account in G/L setup.
Products Affected: General Ledger
Versions Affected: Any
No Fund Principal account is selected in General Ledger Setup. To resolve the error, add the fund principal account.
- Under Advanced Tools, select the Settings tab.
- In the drop-down list, select General Ledger, then click Go.
- Click Edit.
- Enter the default Fund Principal Account and click OK.