How To Fix PM257 - A name for clearing account &1 in chart of accounts &2 is not maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 257

• Message text: A name for clearing account &1 in chart of accounts &2 is not maintained

What causes this issue?

The long text name of the G/L account specified is not maintained.

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?

The long text name of the specified G/L account must be maintained in
the G/L account master record (table SKAT).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PM257 - A name for clearing account &1 in chart of accounts &2 is not maintained ?

  The SAP error message PM257 indicates that a clearing account name for a specific clearing account in a particular chart of accounts is not maintained. This error typically arises in the context of financial transactions or postings where a clearing account is required but has not been properly defined in the system.
  Cause:
  
  Missing Clearing Account Name: The clearing account has been defined in the system, but the name for that account has not been maintained in the chart of accounts.
  Configuration Issues: There may be issues in the configuration of the chart of accounts or the clearing account settings.
  Data Entry Errors: There could be a mistake in the data entry where the clearing account is referenced but not properly set up.
  
  Solution:
  To resolve the PM257 error, follow these steps:
  
  
  Check Clearing Account Configuration:
  
  Go to the transaction code OBY6 (or the relevant configuration transaction) to check the clearing account settings.
  Ensure that the clearing account is defined in the chart of accounts specified in the error message.
  
  
  
  Maintain Clearing Account Name:
  
  If the clearing account exists but does not have a name, you need to maintain it.
  Navigate to the relevant configuration area (usually under Financial Accounting > General Ledger > Master Data > G/L Accounts > Individual Processing) and enter the name for the clearing account.
  
  
  
  Review Chart of Accounts:
  
  Ensure that the chart of accounts is correctly set up and that the clearing account is linked to it.
  Check if the clearing account is assigned to the correct company code.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for chart of accounts), FS00 (for G/L account master data), and OBA3 (for clearing account settings).
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the financial configuration in SAP.
  
  By following these steps, you should be able to resolve the PM257 error and ensure that your clearing accounts are properly maintained in the system.