How To Fix FX029 - Clearing accounts are missing for company code &/&

SAP Error Message - Details

• Message type: E = Error

• Message class: FX - Distributed FI Application Messages

• Message number: 029

• Message text: Clearing accounts are missing for company code &/&

What causes this issue?

No clearing accounts for the cross company-code postings are defined
between company code &V1& and &V2&.

System Response

The new item was not stored.

How to fix this error?

Choose another company code or contact your system administrator if you
want to use this company code anyway.
Procedure for the System Administrator
If you want to create a balance clearing between &V1& and &V2&, you
have to configure them:
<DS:TRAN.OBYA>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FX029 - Clearing accounts are missing for company code &/& ?

  The SAP error message FX029 indicates that clearing accounts are missing for a specific company code in the context of asset accounting. This error typically arises when you attempt to perform transactions related to asset accounting, such as posting an asset acquisition or transfer, and the system cannot find the necessary clearing accounts for the specified company code.
  Cause:
  The primary cause of the FX029 error is that the configuration for clearing accounts in the Asset Accounting (FI-AA) module is incomplete or incorrect. Specifically, the system requires that clearing accounts be defined for various asset transactions, and if these accounts are not set up, the error will occur.
  Solution:
  To resolve the FX029 error, you need to ensure that the clearing accounts are properly configured for the relevant company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Asset Accounting -> Integration with General Ledger -> Define Clearing Accounts
  
  
  
  
  Define Clearing Accounts:
  
  In the configuration screen, you will see options to define clearing accounts for various asset transactions.
  Ensure that you have defined the necessary clearing accounts for the company code in question. This includes accounts for asset acquisitions, transfers, and retirements.
  
  
  
  Check Account Determination:
  
  Make sure that the account determination settings are correct. This can be found under:
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Asset Accounting -> Integration with General Ledger -> Account Determination
  
  Verify that the account determination for the asset transactions is correctly linked to the clearing accounts.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the specific accounts to use, refer to your organization's accounting policies or consult with your finance team.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAYZ (for clearing account configuration) and OABW (for account determination) to access the relevant settings directly.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error.
  User Authorization: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the FX029 error and ensure that your asset accounting transactions can be processed without issues.