How To Fix FX086 - Clearing account & not in chart of accounts

FX086 - Overview

• Message type: E = Error

• Message class: FX - Distributed FI Application Messages

• Message number: 086

• Message text: Clearing account & not in chart of accounts

What causes this issue?

The clearing account &V1& you specified is not defined in the
chart of accounts of the entering company code &V2&.

System Response

No actions were taken.

How to fix this error?

The clearing account configuration is invalid. If you want to use
the company code &V2&, please contact your system administrator.
Procedure for the System Administrator
If you want to address the account, please create it in the chart
of accounts &V3&:
<DS:TRAN.FSP1>Proceed</>
Or change the clearing accounts:
<DS:TRAN.OBYA>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

FX086 - Details

• The SAP error message FX086 typically indicates that there is an issue with a clearing account that is not defined in the chart of accounts. This error can occur in various financial transactions, particularly in the context of asset accounting or when dealing with foreign currency transactions.
  
  Cause:
  
  Missing Clearing Account: The clearing account that is supposed to be used for the transaction is not defined in the chart of accounts.
  Incorrect Configuration: The configuration settings for the asset accounting or the relevant financial module may not be set up correctly.
  Data Entry Error: There may be a mistake in the data entry where an incorrect account is being referenced.
  Inactive Account: The account might exist in the chart of accounts but is marked as inactive.
  
  
  Solution:
  
  
  Check Chart of Accounts: Verify that the clearing account is indeed defined in the chart of accounts. You can do this by navigating to the relevant configuration settings in SAP.
  
  Use