How To Fix PM159 - Clearing account with number &1 is not maintained in the G/L acct master

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 159

• Message text: Clearing account with number &1 is not maintained in the G/L acct master

What causes this issue?

The G/L account entered does not exist for the respective company code
in the G/L account master record (table SKB1).

System Response

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

How to fix this error?

Maintain the G/L account in the G/L account master record (company
codes).
Restart the transaction.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PM159 - Clearing account with number &1 is not maintained in the G/L acct master ?

  The SAP error message PM159 indicates that a clearing account specified in a transaction is not maintained in the General Ledger (G/L) account master data. This typically occurs in the context of Asset Accounting (FI-AA) when trying to post transactions related to asset management.
  Cause:
  The error is caused by one of the following reasons:
  
  Missing Clearing Account: The clearing account specified in the transaction is not defined in the G/L account master data.
  Incorrect Configuration: The configuration for the asset accounting may not be set up correctly, leading to the system not recognizing the clearing account.
  Account Type Issues: The account type for the clearing account may not be appropriate for the transaction being processed.
  
  Solution:
  To resolve the PM159 error, you can follow these steps:
  
  
  Check G/L Account Master Data:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check if the clearing account with the specified number exists.
  If it does not exist, you will need to create it. Ensure that the account is set up correctly with the appropriate account type and settings.
  
  
  
  Maintain Clearing Account:
  
  If the clearing account exists but is not maintained correctly, you may need to update its settings. Ensure that it is marked as a clearing account and that it is assigned to the correct company code.
  
  
  
  Review Configuration:
  
  Check the configuration settings for Asset Accounting in the transaction code SPRO (Customizing). Navigate to:
  
  Financial Accounting (New) > Asset Accounting > Integration > Define Clearing Accounts.
  
  
  Ensure that the clearing accounts are correctly defined for the relevant asset classes.
  
  
  
  Check Transaction Type:
  
  Ensure that the transaction type you are using is compatible with the clearing account. Some transaction types may require specific clearing accounts.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  SPRO: Customizing Implementation Guide
  
  
  Asset Accounting: Understanding the integration of Asset Accounting with Financial Accounting is crucial for proper configuration.
  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 and resolve the issue causing the PM159 error in SAP. If the problem persists, consider reaching out to your SAP support team for further assistance.