How To Fix FAA_POST034 - Technical clearing account is not maintained for chart of accounts &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 034

• Message text: Technical clearing account is not maintained for chart of accounts &1

What causes this issue?

You have <ZH>not</> yet maintained the <LS>technical clearing account
for integrated asset acquisition</>.

System Response

Posting is <ZH>not</> possible.

How to fix this error?

Proceed as follows:
Create the <LS>technical clearing account for integrated asset
acquisition</> in chart of accounts &V1& and the relevant company codes.
Specify the <LS>technical clearing account for integrated asset
acquisition</> in Customizing for <LS>Asset Accounting</> under
<DS:SIMG.T095_ACI_DC>Define Technical Clearing Account for Integrated
Asset Acquisition</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_POST034 - Technical clearing account is not maintained for chart of accounts &1 ?

  The SAP error message FAA_POST034 indicates that there is a problem with the technical clearing account for the chart of accounts specified in the error message. This typically occurs when you are trying to post an asset transaction, and the system cannot find the appropriate clearing account to use for the specified chart of accounts.
  Cause:
  
  Missing Configuration: The technical clearing account for the specified chart of accounts has not been maintained in the system.
  Incorrect Chart of Accounts: The chart of accounts being used in the transaction may not be correctly set up or may not correspond to the asset accounting configuration.
  Asset Class Configuration: The asset class may not be properly configured to use the correct technical clearing account.
  
  Solution:
  To resolve the FAA_POST034 error, follow these steps:
  
  
  Maintain Technical Clearing Account:
  
  Go to the transaction code OAYZ (or navigate through the menu: SPRO > Financial Accounting > Asset Accounting > Integration with General Ledger > Define Technical Clearing Accounts).
  Check if the technical clearing account is defined for the relevant chart of accounts. If it is missing, you will need to create or maintain it.
  Ensure that the clearing account is correctly assigned to the relevant asset classes.
  
  
  
  Check Asset Class Configuration:
  
  Use transaction code OAOA to check the configuration of the asset class.
  Ensure that the asset class is linked to the correct technical clearing account.
  
  
  
  Review Chart of Accounts:
  
  Verify that the chart of accounts being used in the transaction is the one that has the technical clearing account maintained.
  If necessary, adjust the settings or use the correct chart of accounts.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, try to post the asset transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OAYZ: Define Technical Clearing Accounts
  OAOA: Define Asset Classes
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed configuration steps and best practices.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the FAA_POST034 error and successfully post your asset transactions.