How To Fix FIEG_LOC050 - Define G/L account &1 for processing type &2

FIEG_LOC050 - Overview

• Message type: E = Error

• Message class: FIEG_LOC - FIEG_LOC

• Message number: 050

• Message text: Define G/L account &1 for processing type &2

What causes this issue?

GL account is not provided for the specific processing type in
customizing settings.

System Response

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

How to fix this error?

<DS:SIMG.FIAPEGVC_TXCLRD>Specify GL Account</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIEG_LOC050 - Define G/L account &1 for processing type &2 ?

  The SAP error message FIEG_LOC050 indicates that a General Ledger (G/L) account has not been defined for a specific processing type in the system. This error typically arises in the context of financial transactions, particularly when dealing with payment processing or financial document postings.
  
  Cause:
  The error occurs when:
  
  A G/L account is required for a specific processing type (e.g., payment processing, clearing, etc.) but has not been configured in the system.
  The processing type is not linked to a valid G/L account in the configuration settings.
  
  
  Solution:
  To resolve this error, you need to define the G/L account for the specified processing type. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: Financial Accounting (FI) -> Financial Accounting Global Settings -> Document -> Document Types -> Define Document Types
  
  Alternatively, you can use transaction code OBY6 to access the configuration directly.
  
  
  
  Define G/L Account for Processing