How To Fix FTPROC004 - The specified account is not suitable for clearing

SAP Error Message - Details

• Message type: E = Error

• Message class: FTPROC -

• Message number: 004

• Message text: The specified account is not suitable for clearing

What causes this issue?

You would like to perform automatic clearing for provisional premium
receivables. However, the specified account is not suitable for
clearing.

System Response

The system cancels processing.

How to fix this error?

The specified account has already been cleared. Potential clarification
cases can be closed.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTPROC004 - The specified account is not suitable for clearing ?

  The SAP error message FTPROC004, which states "The specified account is not suitable for clearing," typically occurs in the context of financial transactions, particularly when dealing with clearing accounts in the SAP system. This error indicates that the account you are trying to use for clearing does not meet the necessary criteria set by the system.
  Causes:
  
  Account Type: The account you are trying to clear may not be a valid clearing account. Clearing accounts must be configured correctly in the system.
  Account Configuration: The account may not be set up for the specific type of transaction you are attempting to perform. For example, it may not be configured for automatic clearing.
  Posting Period: The posting period may be closed, preventing any further transactions from being processed.
  Account Balance: The account may have a balance that does not allow for clearing, such as having open items that are not eligible for clearing.
  Transaction Type: The transaction