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

PM259 - Overview

• 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.

PM259 - Details

• 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