I have found that the error is often the "Account Structure". As an example, If you have defined one account structure for your company where you had applied a filter for "Main accounts" and the filter only covered P&L accounts, but all the sub-ledger accounts are of type "Balance"...then you will get this message when you attempt to use the account.  The system will not able to find any account structure for balance sheet account, hence it will throw this error.