How To Fix FY032 - Clearing account for chart of accounts & account & is not defined

FY032 - Overview

• Message type: E = Error

• Message class: FY - Payment Cards

• Message number: 032

• Message text: Clearing account for chart of accounts & account & is not defined

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Maintain the clearing account for account &V2& in chart of accounts
&V1&.
(Maintainence: Transaction SM30, View V_TCCAA)

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FY032 - Clearing account for chart of accounts & account & is not defined ?

  The SAP error message FY032 indicates that a clearing account for a specific chart of accounts and account is not defined. This typically occurs in the context of financial transactions, particularly when dealing with clearing accounts in the General Ledger (G/L) or during the posting of transactions that require a clearing account.
  
  Cause:
  
  Missing Clearing Account Configuration: The clearing account has not been defined in the system for the specified chart of accounts and account combination.
  Incorrect Account Assignment: The account being used in the transaction may not be set up correctly in the system, or it may not be linked to a valid clearing account.
  Chart of Accounts Issues: The chart of accounts being used may not have the necessary clearing accounts configured.
  Transaction Type: The type of transaction being processed may require a clearing account that has not been set up.
  
  
  Solution:
  
  
  Define Clearing Account:
  
  Go to the SAP transaction code OBYC (Automatic Postings).
  Check the configuration