How To Fix FTR_TREA005 - Clearing account &1 does not exist in company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TREA - Messages for TREA

• Message number: 005

• Message text: Clearing account &1 does not exist in company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TREA005 - Clearing account &1 does not exist in company code &2 ?

  The SAP error message FTR_TREA005 indicates that a clearing account specified in a financial transaction does not exist for the specified company code. This error typically arises in the context of financial transactions involving treasury management or financial accounting.
  Cause:
  
  Missing Clearing Account: The clearing account referenced in the transaction is not defined in the system for the specified company code.
  Incorrect Configuration: The configuration settings for the clearing accounts in the financial accounting module may not be set up correctly.
  Data Entry Error: There may be a typographical error in the account number or company code entered in the transaction.
  Inactive Account: The account may exist but is inactive or not available for the specified company code.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the SAP transaction code OBYC (Automatic Account Determination) and verify that the clearing account is correctly configured for the relevant transaction type and company code.
  Ensure that the clearing account is assigned to the correct account type (e.g., asset, liability, expense, revenue).
  
  
  
  Create or Activate the Clearing Account:
  
  If the clearing account does not exist, you may need to create it using transaction code FS00 (G/L Account Master Record).
  Ensure that the account is set up for the correct company code and is active.
  
  
  
  Verify Company Code Settings:
  
  Check the company code settings in transaction code OBY6 to ensure that the clearing account is included in the configuration for that specific company code.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data for any typographical errors in the account number or company code.
  Ensure that the correct clearing account is being referenced in the transaction.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidelines related to your organization's configuration.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBYC: Automatic Account Determination
  FS00: G/L Account Master Record
  OBY6: Company Code Global Parameters
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary authorizations to view and modify account settings in SAP.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting and Treasury Management.