How To Fix FX003 - New clearing account & not in company code

SAP Error Message - Details

• Message type: E = Error

• Message class: FX - Distributed FI Application Messages

• Message number: 003

• Message text: New clearing account & not in company code

What causes this issue?

The clearing account &V1& that you have specified is not defined in the
external company code &V2&.

System Response

No actions were performed.

How to fix this error?

Choose another clearing account.
Action by System Manager
If you nevertheless want to address the account, create it in the
company code &V2&:

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FX003 - New clearing account & not in company code ?

  The SAP error message FX003 ("New clearing account & not in company code") typically occurs in the context of financial transactions, particularly when dealing with foreign exchange (FX) transactions or clearing accounts. This error indicates that the system is trying to use a clearing account that is not defined for the specified company code.
  Cause:
  
  Missing Clearing Account: The clearing account that the system is trying to use for the transaction is not defined in the configuration for the specified company code.
  Incorrect Configuration: The clearing account may not be set up correctly in the financial accounting settings.
  Company Code Mismatch: The transaction may be attempting to reference a clearing account that belongs to a different company code than the one being processed.
  
  Solution:
  
  
  Check Clearing Account Configuration:
  
  Go to the SAP configuration (transaction code SPRO).
  Navigate to Financial Accounting (FI) > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Creation.
  Ensure that the clearing account is defined for the relevant company code.
  
  
  
  Define Clearing Accounts:
  
  If the clearing account is missing, you may need to create it. Ensure that the account is set up with the correct account type and is assigned to the appropriate company code.
  
  
  
  Review Transaction Settings:
  
  Check the transaction that is causing the error to ensure that it is referencing the correct clearing account and company code.
  If necessary, adjust the transaction to use the correct clearing account.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on setting up clearing accounts and resolving this error.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBY6: Define Company Code
  FS00: Create/Change G/L Account
  FSP0: G/L Account Master Record Maintenance
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the financial configuration.
  
  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.