How To Fix EP520 - No clearing account for receivable from reversal assigned (type &1)

EP520 - Overview

• Message type: E = Error

• Message class: EP - Messages for Posting Area

• Message number: 520

• Message text: No clearing account for receivable from reversal assigned (type &1)

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message EP520 - No clearing account for receivable from reversal assigned (type &1) ?

  The SAP error message EP520 "No clearing account for receivable from reversal assigned (type &1)" typically occurs in the context of financial transactions, particularly when dealing with accounts receivable and reversals. This error indicates that the system cannot find a clearing account for a specific type of receivable that is associated with a reversal transaction.
  
  Cause:
  
  
  Missing Configuration: The most common cause of this error is that the necessary configuration for clearing accounts in the financial settings is missing or incorrect. This can happen if the clearing account for the specific type of receivable has not been defined in the system.
  
  
  Incorrect Account Assignment: The account assignment for the reversal transaction may not be set up correctly, leading to the system being unable to find the appropriate clearing account.
  
  
  Transaction Type Issues: The error may also arise if the transaction type used for the reversal does not have a corresponding clearing account defined in