How To Fix 62824 - Clearing account not maintained for G/L account &

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 824

• Message text: Clearing account not maintained for G/L account &

What causes this issue?

Several clearing accounts are necessary for the posting of the
settlement results. 'Settled costs' are debited from these accounts.
The necessary accounts have not been assigned to G/L account &v1&.

System Response

The settlement run has been cancelled.

How to fix this error?

Contact your system administrator.
Procedure for the system administrator
Maintain the missing clearing accounts in Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62824 - Clearing account not maintained for G/L account & ?

  The SAP error message "62824 Clearing account not maintained for G/L account" typically occurs when you are trying to post a transaction that requires a clearing account, but the system cannot find a clearing account defined for the specified General Ledger (G/L) account. This is often related to the configuration of the G/L account in the system.
  Cause:
  
  Missing Clearing Account: The G/L account you are trying to use does not have a clearing account assigned in the configuration.
  Incorrect Account Type: The G/L account may not be set up correctly for the type of transaction you are trying to perform (e.g., it may not be a balance sheet account).
  Configuration Issues: There may be issues in the configuration of the account in the chart of accounts or in the company code settings.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check G/L Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record).
  Enter the G/L account number and the company code.
  Check the settings under the "Control Data" tab to see if a clearing account is specified.
  
  
  
  Maintain Clearing Account:
  
  If the clearing account is not maintained, you will need to assign a clearing account to the G/L account.
  You can do this by editing the G/L account and entering the appropriate clearing account in the relevant field.
  
  
  
  Review Account Type:
  
  Ensure that the G/L account is of the correct type (e.g., balance sheet account) for the transaction you are trying to post.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about which clearing account to use, consult with your finance or accounting team to determine the appropriate clearing account for the specific G/L account.
  
  
  
  Test the Transaction:
  
  After making the necessary changes, try to post the transaction again to see if the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00: G/L Account Master Record
  OBYC: Automatic Postings Configuration
  
  
  Documentation: Refer to SAP Help documentation for detailed information on G/L account configuration and clearing accounts.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  By following these steps, you should be able to resolve the error message 62824 in SAP.