How To Fix CTE_FIN_POSTING064 - Clearing account code needed for entry &1 in case of external payments.

SAP Error Message - Details

• Message type: E = Error

• Message class: CTE_FIN_POSTING - ERP - Concur Integration: FIN Postings

• Message number: 064

• Message text: Clearing account code needed for entry &1 in case of external payments.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CTE_FIN_POSTING064 - Clearing account code needed for entry &1 in case of external payments. ?

  The SAP error message CTE_FIN_POSTING064 indicates that a clearing account code is required for a specific entry related to external payments. This error typically arises during the posting of financial transactions, particularly when dealing with external payments that require a clearing account to balance the entries.
  Cause:
  
  Missing Clearing Account: The most common cause of this error is that the system cannot find a designated clearing account for the specified entry. This can happen if the configuration for the payment method or the account type does not include a clearing account.
  Incorrect Configuration: The payment method or the account settings may not be properly configured to handle external payments, leading to the requirement for a clearing account not being met.
  Transaction Type: The transaction type being used may require a clearing account that has not been defined in the system.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings for the payment method being used. Ensure that a clearing account is defined for that payment method.
  You can find this in the SAP menu under SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payments > Manual Outgoing Payments > Define Payment Methods for Manual Outgoing Payments.
  
  
  
  Define Clearing Account:
  
  If a clearing account is not defined, you will need to create one. This can be done in the configuration settings where you define the payment method.
  Ensure that the clearing account is linked to the appropriate GL account.
  
  
  
  Review Account Settings:
  
  Check the account settings for the specific account involved in the transaction. Ensure that it is set up to allow for external payments and that it has the necessary clearing account linked.
  
  
  
  Transaction Type Review:
  
  If the error is related to a specific transaction type, review the settings for that transaction type to ensure that it is configured correctly to use a clearing account.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring clearing accounts and payment methods.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBPM1 (for payment methods) or OB52 (for posting periods) to access the relevant configuration settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. Sometimes, specific versions of SAP may have bugs that are addressed in later updates.
  Testing: After making changes, perform a test transaction to ensure that the error is resolved and that the payment can be processed without issues.
  
  By following these steps, you should be able to resolve the CTE_FIN_POSTING064 error and successfully process external payments in SAP.