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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message F1204 - Company code clearing account for 1& 2& is not defined ?

  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 not, you will need to create them.
  Ensure that the clearing accounts are set up correctly for the relevant company codes.
  
  
  
  Check Company Code Configuration:
  
  Verify that the company codes in question are correctly configured in the system.
  Ensure that the company codes are active and properly set up in the system.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data for any typographical errors in the company code or account number.
  Ensure that the correct company code is being used in the transaction.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to the SAP documentation or consult with your SAP FI (Financial Accounting) consultant for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for clearing account configuration) and FBL1N (for vendor line items) to troubleshoot further.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings in SAP.
  
  By following these steps, you should be able to resolve the F1204 error and ensure that the clearing accounts are properly defined for the specified company codes.