How To Fix FW021 - A clearing account is not assigned to account &

SAP Error Message - Details

• Message type: E = Error

• Message class: FW - Bills of Exchange and Other International Developments

• Message number: 021

• Message text: A clearing account is not assigned to account &

What causes this issue?

A clearing account is not assigned to the account for bill of exchange
liabilities at the bank. This is imperative for the bill of exchange
liability posting.

How to fix this error?

Complete the account determination table or correct the selection.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FW021 - A clearing account is not assigned to account & ?

  The SAP error message FW021 indicates that a clearing account is not assigned to a specific account in the system. This error typically arises in the context of financial transactions, particularly when dealing with accounts that require a clearing account for proper processing.
  Cause:
  The error occurs when:
  
  A financial transaction is being processed that requires a clearing account, but the specified account does not have a clearing account assigned to it.
  The account in question is configured in a way that it should have a clearing account, but the necessary configuration is missing or incorrect.
  
  Solution:
  To resolve the FW021 error, you can follow these steps:
  
  
  Check Account Configuration:
  
  Go to the account configuration in the SAP system (Transaction Code: FS00).
  Enter the account number that is causing the error and check the settings.
  Ensure that a clearing account is assigned to the account in the relevant company code.
  
  
  
  Assign a Clearing Account:
  
  If a clearing account is not assigned, you will need to assign one. This can typically be done in the same configuration screen (FS00).
  Make sure to save your changes after assigning the clearing account.
  
  
  
  Review Account Type:
  
  Ensure that the account type is appropriate for transactions that require a clearing account. For example, certain types of accounts (like asset accounts or certain liability accounts) may require a clearing account.
  
  
  
  Check for Customizations:
  
  If your organization has custom configurations or enhancements, check if there are any specific rules or settings that might affect the assignment of clearing accounts.
  
  
  
  Consult Documentation:
  
  Review any relevant SAP documentation or internal guidelines that pertain to account configuration and clearing accounts.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: General Ledger Account Master Data
  OBYC: Configuration of Automatic Postings
  FBL3N: Display G/L Account Line Items
  
  
  
  SAP Notes:
  
  Check SAP Notes for any known issues or additional guidance related to the FW021 error.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes to account configurations.
  
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP configurations.