How To Fix F1204 - Company code clearing account for 1& 2& is not defined

F1204 - Overview

• Message type: E = Error

• Message class: F1 - FI Function Module Messages

• Message number: 204

• Message text: Company code clearing account for 1& 2& is not defined

What causes this issue?

Company codes &V1& and &V2& are involved in the transaction to be
posted. For this reason, clearing entries must be generated between
these two company codes. The accounts to be posted to have, however,
not yet been defined within Financial Accounting configuration.

System Response

Posting cannot be carried out.

How to fix this error?

Procedure for the system administrator: Determine which accounts are to
be posted to for the company code clearing.

<DS:TRAN.OBYA>Proceed</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

F1204 - Details

• The SAP error message F1204, which states "Company code clearing account for 1& 2& is not defined," typically occurs in the context of financial transactions, particularly when dealing with clearing accounts in the SAP system. This error indicates that the system cannot find a defined clearing account for the specified company codes in the configuration.
  
  Cause:
  
  Missing Configuration: The clearing account for the specified company codes has not been defined in the system.
  Incorrect Company Code: The company code specified in the transaction may not be valid or may not have been set up correctly.
  Data Entry Error: There may be a typographical error in the company code or account number being used in the transaction.
  
  
  Solution:
  
  
  Define Clearing Accounts:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > G/L Account > Create/Change).
  Check if the clearing accounts for the specified company codes are defined. If