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 type being used may not be compatible with the account settings.
  
  Solutions:
  
  Check Account Configuration: Verify that the account you are trying to use is set up as a clearing account in the SAP configuration. You can do this by checking the account settings in the Financial Accounting (FI) module.
  Review Open Items: Ensure that there are no open items in the account that would prevent clearing. You may need to clear or resolve these items before proceeding.
  Posting Period: Check if the posting period is open. If it is closed, you may need to open it or use a different period for the transaction.
  Transaction Type Compatibility: Ensure that the transaction type you are using is compatible with the account. You may need to adjust the transaction type or use a different account.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific configurations related to your organization's setup.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions to common problems.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger Account Document Entry), F-03 (Clear G/L Account), and others that may be involved in the clearing process.
  User Roles and Authorizations: Ensure that the user attempting the transaction has the necessary authorizations to perform clearing operations.
  
  If the issue persists after checking these aspects, it may be beneficial to engage with your SAP support team or a consultant who can provide more tailored assistance based on your specific SAP environment and configuration.