How To Fix FAGL_POSTING016 - Clearing specific to ledger groups not possible for company code &1

FAGL_POSTING016 - Overview

• Message type: E = Error

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

• Message number: 016

• Message text: Clearing specific to ledger groups not possible for company code &1

What causes this issue?

You can use clearing specific to ledger groups if you perform parallel
accounting using the ledger approach (and not the account approach).
However, since only one ledger is assigned to company code &V1, you
cannot use the ledger approach.

System Response

The system deactivates the <DS:DE.XLGCLR>Clearing Specific to Ledger
Groups</> indicator for the company code.

How to fix this error?

If you want to perform parallel accounting using the ledger approach,
you have to assign more than one ledger to the company code.

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.

FAGL_POSTING016 - Details

• The SAP error message FAGL_POSTING016 indicates that a clearing operation is not possible for a specific ledger group in the context of a company code. This error typically arises in the context of financial postings and clearing processes in SAP's General Ledger Accounting (FI-GL) module.
  
  Cause:
  The error can occur due to several reasons, including:
  
  
  Inconsistent Ledger Group Settings: The ledger group settings for the company code may not be properly configured. This can include issues with the assignment of accounts to the ledger group or the configuration of the ledger group itself.
  
  
  Missing Configuration: The ledger group may not be set up to allow clearing for certain types of transactions or accounts.
  
  
  Posting Period Issues: The posting period may be closed for the ledger group, preventing any further postings or clearings.
  
  
  Account Type Restrictions: The accounts involved in the clearing process may not be compatible with the ledger group settings.
  
  
  Document Type Restrictions: The document types