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

SAP Error Message - Details

• 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

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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 the configuration.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction code SPRO).
  Navigate to the relevant section for Financial Accounting (FI) and check the settings for clearing accounts.
  Ensure that the clearing account for the specific type of receivable is defined correctly.
  
  
  
  Define Clearing Accounts:
  
  If the clearing account is missing, you will need to define it. This can typically be done in the following path:
  
  Financial Accounting (FI) -> Accounts Receivable and Accounts Payable -> Account Determination -> Define Clearing Accounts.
  
  
  Make sure to assign the correct account type and ensure it corresponds to the type of receivable in question.
  
  
  
  Review Transaction Types:
  
  Check the transaction types used for the reversal. Ensure that they are correctly configured to point to the appropriate clearing accounts.
  
  
  
  Test the Configuration:
  
  After making changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific details related to your configuration and any additional steps that may be required.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), FBRA (for reversing documents), and FBL5N (for displaying customer line items).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary permissions to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting for further assistance.