You will receive the above error when there is no default rounding analysis code setup for the currency, or a refresh is required where X is the currency code.
Please use the following steps to correct the rounding analysis.
Login to Dimensions
Click System
Choose Currency
Click Currencies
Choose £ (or any other relevant currency if you are getting the same error)
Please make sure P/L Rounding exists
Click Defaults at the top menu under records.
If the default does not exist: Click Edit and enter the correct analysis code.
If the default does exist: Clear the final character and tab out to allow it to be re-selected from the lookup list.
Click Save.
Once you make sure the correct analysis codes exist, then you should be able to allocate it without any error.
If you do not have the currency module, ensure analysis rounding codes exist and please raise a new case referencing the title of this article and please include details of the currency codes affected.