How To Fix GU295 - Account & not valid for global company & -> long text

SAP Error Message - Details

• Message type: E = Error

• Message class: GU - FI-SL utilities

• Message number: 295

• Message text: Account & not valid for global company & -> long text

What causes this issue?

The system checks the validity of clearing accounts in global companies
for clearing postings by using the master data company code assigned to
the global company.
You entered a clearing account that is invalid for the master data
company code &v3& assigned to global company &v2&.

System Response

Clearing cannot take place.

How to fix this error?

Enter a valid clearing account.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GU295 - Account & not valid for global company & -> long text ?

  The SAP error message GU295 indicates that the account you are trying to use is not valid for the specified global company. This error typically arises in the context of financial transactions, such as posting journal entries or creating financial documents, where the account is not recognized as valid for the global company code you are working with.
  Cause:
  
  Account Not Defined for Global Company: The account you are trying to use may not be defined in the chart of accounts for the global company code.
  Incorrect Company Code: You may be trying to post to a company code that is not associated with the account.
  Account Type Restrictions: The account may be restricted to certain types of transactions or company codes.
  Missing Configuration: The account may not have been properly configured in the system for the global company.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check if the account is defined for the correct company code and chart of accounts.
  Ensure that the account is active and has the necessary settings for the global company.
  
  
  
  Verify Company Code:
  
  Ensure that you are using the correct company code in your transaction. You can check this in the document you are trying to post.
  
  
  
  Review Chart of Accounts:
  
  Make sure that the account is included in the chart of accounts assigned to the global company. You can check this in the configuration settings.
  
  
  
  Consult with Configuration Team:
  
  If you are unsure about the account settings or if changes are needed, consult with your SAP configuration team or financial team to ensure that the account is set up correctly.
  
  
  
  Check for Authorizations:
  
  Ensure that you have the necessary authorizations to use the account in the specified company code.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  FS00: G/L Account Master Record
  OBY6: Define Global Company
  OBD2: Assign Company Code to Chart of Accounts
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on G/L account configuration and company code settings.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  By following these steps, you should be able to identify the cause of the GU295 error and implement the necessary solutions to resolve it.