This error appears if Abacus Accounting is setup on an Accrual basis (not Cash basis), and the Default G/L Accounts setup is missing default receivable accounts (Fees, Hard Cost, Soft Cost, Sales Tax and Late Charges). To fix the issue, complete the following:
- Click File > Setup > Default G/L Accounts.
- Enter account numbers in the Fees Receivable, Hard Cost Receivable, Soft Cost Receivable, Sales Tax Receivable and Late Charges Receivable fields.
- Click the Done button.