How To Fix FAGL_POSTING002 - Clearing specific to ledger groups is not permitted for account &1/&2

FAGL_POSTING002 - Overview

• Message type: E = Error

• Message class: FAGL_POSTING - Messages for FAGL_POSTING EhP3 Relating to New Functions

• Message number: 002

• Message text: Clearing specific to ledger groups is not permitted for account &1/&2

What causes this issue?

Account &V1&/&V2& is used as the account for exchange rate differences
for foreign currency balances.
It can be one of the following accounts:
Account for expenses from exchange rate changes
Account for revenue from exchange rate changes
Expense account for losses from rolling valuation
Revenue account for profit from rolling valuation

System Response

You <ZH>cannot</> set the <DS:DE.XLGCLR>Clearing Specific to Ledger
Groups</> indicator for these kinds of account.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FAGL_POSTING002 - Details

• The SAP error message FAGL_POSTING002 indicates that a clearing operation is not allowed for a specific ledger group for the specified account. This typically occurs in the context of financial postings in the General Ledger (G/L) when trying to clear items that are not permitted to be cleared in the specified ledger group.
  
  Cause:
  
  Ledger Group Restrictions: The account you are trying to clear may be configured in such a way that it does not allow clearing in the specified ledger group. This can be due to settings in the account configuration or the ledger group settings.
  Account Type: The account type (e.g., asset, liability, revenue, expense) may have restrictions on clearing based on the ledger group.
  Posting Period: The posting period may be closed or restricted for the ledger group, preventing any clearing operations.
  Configuration Settings: The configuration settings in the Financial Accounting (FI) module may not allow clearing for certain accounts in specific