@kavindaj24 

You need to specify the currency of the account on the Chart of Accounts (GL202500) form.

This solved my problem.  Thank you very much for the quick help.

I am having a similar problem. I am trying to create a new cash account but I am getting this error. I am creating a new cash account but I  get this error. As you can see there are no cash accounts appearing. What could be the reason?

Hi-

Did you update the AR or AP usage on the payment method that is assigned to the cash accounts yet?  

Thanks,

Nirav Shah

The issue I am having is that the cash account do not appear at all. I have not set anything on the payment methods. I only added more payment methods to the ones that come standard with Acumatica. My issue is why the cash accounts are not appearing even though they are in the chart of account...

Did you create your cash accounts yet?

Then system will show the cash accounts and you can select the payment methods against each cash account record.  

This is the error I get when I try to add a new cash account

Just to clarify, when you open the “accounts” field is when you are getting this error?

No, when I enter the account in the “Cash Account” Field