How To Fix FIOM_LOC005 - Do not specify a vendor with this clearing type

FIOM_LOC005 - Overview

• Message type: E = Error

• Message class: FIOM_LOC - Oman Localization

• Message number: 005

• Message text: Do not specify a vendor with this clearing type

What causes this issue?

You have specified the clearing type as either <LS>Bank Account</> or
<LS>Subaccount </>and also indicated a vendor.

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?

When you specify the clearing type as <LS>Bank Account</> or
<LS>Subaccount</> then do not indicate a vendor.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FIOM_LOC005 - Details

• The SAP error message FIOM_LOC005 ("Do not specify a vendor with this clearing type") typically occurs in the context of financial transactions, particularly when dealing with clearing accounts or intercompany transactions. This error indicates that the system does not allow the specification of a vendor in a transaction that is associated with a particular clearing type.
  
  Cause:
  
  Clearing Type Restrictions: The clearing type you are using may not permit the specification of a vendor. Certain clearing types are designed for specific purposes, such as clearing customer accounts or internal transactions, and do not involve vendors.
  Configuration Settings: The configuration settings in the SAP system may restrict the use of vendors for certain clearing types. This could be due to business rules or settings defined in the Financial Accounting (FI) module.
  Transaction Type: The type of transaction you are trying to execute may inherently not require a vendor, such as internal postings or adjustments.
  
  
  Solution:
  
  Review Clearing