How To Fix PM259 - Clearing account &1 for company code &2 not maintained in G/L acct master

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 259

• Message text: Clearing account &1 for company code &2 not maintained in 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) and 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 PM259 - Clearing account &1 for company code &2 not maintained in G/L acct master ?

  The SAP error message PM259 indicates that a clearing account for a specific company code has not been maintained in the General Ledger (G/L) account master. This error typically arises in the context of asset accounting or when dealing with financial transactions that require a clearing account to be defined.
  Cause:
  The error occurs when:
  
  A transaction is being processed that requires a clearing account for a specific company code.
  The clearing account has not been set up in the G/L account master data for that company code.
  The system is unable to find the necessary configuration to proceed with the transaction.
  
  Solution:
  To resolve the PM259 error, you need to maintain the clearing account in the G/L account master. Here are the steps to do this:
  
  
  Access the G/L Account Master Data:
  
  Use transaction code FS00 to access the G/L account master data.
  
  
  
  Enter the Required Information:
  
  Input the G/L account number and the company code that is generating the error.
  
  
  
  Maintain Clearing Account:
  
  Navigate to the relevant tab (usually the "Control" or "Account Control" tab) where you can specify the clearing account.
  Ensure that the clearing account is defined for the company code in question.
  
  
  
  Save Changes:
  
  After entering the necessary information, save the changes to the G/L account master.
  
  
  
  Test the Transaction Again:
  
  Retry the transaction that initially caused the error to see if the issue has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: G/L Account Master Data
  OBY6: Define Company Code
  OBA7: Define Clearing Accounts
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed information on G/L account configuration and asset accounting.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes to the G/L account master data.
  
  
  
  Consulting with Finance Team:
  
  If you are unsure about which clearing account to use, consult with your finance or accounting team to ensure compliance with your organization's accounting policies.
  
  
  
  By following these steps, you should be able to resolve the PM259 error and ensure that the necessary clearing accounts are properly maintained in your SAP system.