Issue with GL Account creation leading to problem in Year end Carry forward

Question

Dear Sirs,
I am new to this network & this is my first thread .
We have one GL Account which had been created as Account Group as Fixed Assets and ticked wrongly as P&L Statement Acct, instead of Balance Sheet Account.
There are some entries posted in this GL Account . When doing the Balance Carryforward process , the system is considering the balance in this GL to be transferred to Retained Earnings being wrongly defined as P&L Statement Account.
Infact this balance should not be flown to Retained Earnings and should be carryforward to new fiscal year as Balance Sheet Account.
Is there any way of changing GL account from P&L Statement Account to Balance Sheet Account even after entries are posted in GL and also cost element is created for that GL. 
Please guide us to come out the issue.
Looking eagerly for your kind guidance and helpful reply.
Regards,
Umapati Rao
Panasonic - Dubai

Answer 1

Hi Umapati,
Welcome to SDN.
Well the easy way would be to create a new GL account as B/S item transfer the line items to that account and block the wronly created account. Then you can perform B/F in new account
Alternatively: You can change the tick from P/L to B/S in the change mode, but first you must delete cost element assigned to that G/L account in KA04.
But this is not advised as it will create audit issue as you are using number assigned to P/L to B/S item.
Hope this helps
Pls assign points as way to say thanks
Message was edited by:
        Ravi Rana