No PVANIL statement account type is defined in chart of accounts VANI

Message no. FH186

Solution: 

Transaction OB53 & maintain your retained earning account. Procedure is: P& L Account Type " enter X or Y" and in account " enter your retained earning GL.

when you get this message:

"Acount XXXXXX not created in chart of accounts YYYY"

 

Please ignore the error and press enter. You should be able to create the account.