How To Fix FDC_POSTING_001070 - Clearing of special GL transaction of type bill of exchange not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: FDC_POSTING_001 - FI Postings

• Message number: 070

• Message text: Clearing of special GL transaction of type bill of exchange not possible

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FDC_POSTING_001070 - Clearing of special GL transaction of type bill of exchange not possible ?

  The SAP error message FDC_POSTING_001070 indicates that there is an issue with clearing a special General Ledger (G/L) transaction of type "bill of exchange." This error typically arises in the context of financial accounting when attempting to clear or settle transactions that involve special G/L indicators, particularly those related to bills of exchange.
  Cause:
  The error can occur due to several reasons, including:
  
  
  Incorrect Document Status: The document you are trying to clear may not be in a status that allows for clearing. For example, it may be blocked or not fully posted.
  
  
  Missing or Incorrect Clearing Document: The clearing document may not exist, or the document you are trying to clear against may not be valid.
  
  
  Special G/L Indicator Issues: The special G/L transaction may have specific requirements or restrictions that prevent it from being cleared. For example, certain special G/L transactions may require specific clearing accounts or conditions.
  
  
  Configuration Issues: There may be configuration settings in the SAP system that are preventing the clearing of special G/L transactions. This could include settings related to the special G/L indicators or the clearing process.
  
  
  Open Items: There may be open items that need to be addressed before the clearing can occur.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Document Status: Verify the status of the document you are trying to clear. Ensure that it is fully posted and not blocked.
  
  
  Review Clearing Document: Ensure that the clearing document exists and is valid. Check if the document you are trying to clear against is appropriate.
  
  
  Examine Special G/L Transactions: Review the special G/L transactions involved. Ensure that they meet the requirements for clearing and that there are no restrictions in place.
  
  
  Configuration Review: Check the configuration settings related to special G/L indicators and clearing processes. Ensure that they are set up correctly.
  
  
  Address Open Items: If there are open items that need to be cleared, address them first. This may involve posting additional transactions or resolving discrepancies.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling special G/L transactions and clearing processes.
  
  
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  Special G/L Transactions: These are transactions that are treated differently in the accounting system, often used for specific purposes like bills of exchange, down payments, etc.
  Clearing Process: The process of matching and settling open items in the accounting system, which can involve various types of transactions.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to clear the special G/L transaction successfully.