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

GU295 - Overview

• 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.

GU295 - Details

• 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