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

SAP Error Message - Details

• 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 Type:
  
  Look for the specific processing type mentioned in the error message (e.g., &2).
  Ensure that a G/L account is assigned to this processing type.
  If it is not defined, you will need to create a new entry or modify an existing one to include the appropriate G/L account.
  
  
  
  Check for Related Configuration:
  
  Ensure that all related configurations are correctly set up, including payment methods, payment terms, and any other relevant settings that might affect the processing type.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Configuration for document types.
  OBD2: Configuration for payment methods.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed information on configuring G/L accounts and processing types.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  
  
  Transport Requests:
  
  If you are making changes in a development environment, remember to create a transport request to move the changes to the production environment.
  
  
  
  By following these steps, you should be able to resolve the FIEG_LOC050 error and ensure that the G/L account is properly defined for the required processing type.