How To Fix F1205 - No company code clearing account is defined for company code 1& 2&

SAP Error Message - Details

• Message type: E = Error

• Message class: F1 - FI Function Module Messages

• Message number: 205

• Message text: No company code clearing account is defined for company code 1& 2&

What causes this issue?

Company codes &V1& and &V2& are involved in the transaction you want to
post. This means that clearing postings must be generated between these
two company codes. The accounts you are posting to have not yet been
defined in the accounting system configuration function.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The posting cannot be made.

How to fix this error?

Procedure for system administrator: specify the accounts to which the
clearing entries for the company codes have to be posted.

<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 F1205 - No company code clearing account is defined for company code 1& 2& ?

  The SAP error message F1205 indicates that there is no clearing account defined for the specified company codes in the system. This error typically arises during financial transactions, particularly when dealing with intercompany transactions or clearing accounts.
  
  Cause:
  The error occurs when:
  
  Missing Clearing Account: The system cannot find a clearing account defined for the specified company codes (1& 2&). This usually happens when the configuration for intercompany transactions is incomplete.
  Incorrect Configuration: The clearing account may not have been set up correctly in the financial settings for the company codes involved.
  Company Code Settings: The company codes may not be properly linked or configured to use a clearing account.
  
  
  Solution:
  To resolve the F1205 error, follow these steps:
  
  
  Define Clearing Accounts:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > G/L Accounts > Preparation > Define Clearing Accounts).
  Check if a clearing account is defined for the