Unable to do any reports on this financial year

[speedbirdab]

Newbie here...

Using Sage line 50 v12.01 etc. etc.

Having set up for the new financial year beginning 1st April (the fool I hear you mutter), I have loaded many invoices, payments and so on without problems, managed to prepare the VAT return, but am unable to get a number of financial reports out of the system - running something like P&L report for month 1 to 2 gives me 2 error messages -
'There are errors in your chart of accounts. Your Financial reports may be incorrect as a result'
followed by
'No information found for this report.'

Nothing any more helpful - this happens for Budget reports and balance sheet reports too. Run anything that simply lists transactions and it's fine.
Any thoughts? what have I missed?!

[brucedenney]

You need to fix the errors in your chart of accounts. (I suspect that it may be empty)

http://sage.support.makingithappen.co.u ... counts.htm

Edit the set you are using (probably the only one) and use the check button to find out what is wrong.

[speedbirdab]

Fantastic, thanks that was it - the defaults were empty - all behaving beautifully now (though I've probably got plenty of the sections wrong at least it is giving some numbers now!