How To Fix FTR_TREA203 - External account &1 in company code &2 is not a clearing account

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TREA - Messages for TREA

• Message number: 203

• Message text: External account &1 in company code &2 is not a clearing account

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TREA203 - External account &1 in company code &2 is not a clearing account ?

  The SAP error message FTR_TREA203 indicates that the external account specified in the transaction is not set up as a clearing account in the specified company code. This error typically arises in the context of financial transactions, particularly in treasury and risk management modules, where certain accounts are expected to be used for clearing purposes.
  Cause:
  
  Account Configuration: The external account you are trying to use is not configured as a clearing account in the system. Clearing accounts are specific types of accounts that are used to temporarily hold funds during the clearing process.
  Incorrect Account Assignment: The account number or company code may have been entered incorrectly, leading to the system not recognizing it as a valid clearing account.
  Missing Master Data: The account may not have been properly set up in the system, or the necessary master data may be missing.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBYC (Automatic Postings) and check the configuration for the account in question.
  Ensure that the account is marked as a clearing account in the relevant settings.
  
  
  
  Verify Account Assignment:
  
  Double-check the account number and company code you are using in the transaction. Make sure they are correct and correspond to the intended clearing account.
  
  
  
  Create or Modify the Account:
  
  If the account is not set up as a clearing account, you may need to modify the account settings in the GL Account Master Data (transaction code FS00) to ensure it is designated as a clearing account.
  If the account does not exist, you may need to create it with the appropriate settings.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct configuration or if changes are needed, consult with your finance or accounting team to ensure compliance with internal policies and procedures.
  
  
  
  Related Information:
  
  Clearing Accounts: These accounts are used to facilitate the clearing of transactions, ensuring that funds are properly accounted for before being transferred to their final destination.
  SAP Documentation: Refer to SAP Help documentation for detailed information on configuring clearing accounts and understanding the implications of account settings.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (GL Account Master Data), OBYC (Automatic Postings), and FBL3N (G/L Account Line Items) for troubleshooting and verification.
  
  By following these steps, you should be able to resolve the FTR_TREA203 error and ensure that the external account is correctly set up as a clearing account in your SAP system.