How To Fix PSM_CASH_FLOW011 - Zero-balance clearing account for cash not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_CASH_FLOW -

• Message number: 011

• Message text: Zero-balance clearing account for cash not defined

What causes this issue?

Source-based cash flow analysis does not work. Zero-balance clearing
line items must be posted to a separate clearing account in order to
distinguish between cash movements and other postings that initiate the
creation of clearing items.

System Response

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

Create a cash-relevant clearing account for the corresponding account
key using the Customizing activity <LS>Define Zero-Balance Clearing
Account</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_CASH_FLOW011 - Zero-balance clearing account for cash not defined ?

  The SAP error message PSM_CASH_FLOW011 indicates that a zero-balance clearing account for cash has not been defined in the system. This error typically arises in the context of cash management and financial accounting within the Public Sector Management (PSM) module of SAP.
  Cause:
  The error occurs when the system attempts to process cash flow transactions, but it cannot find a designated clearing account to balance the cash transactions. This can happen due to:
  
  Missing Configuration: The zero-balance clearing account for cash has not been set up in the system.
  Incorrect Settings: The existing configuration may be incorrect or not aligned with the requirements of the cash management process.
  Transaction Type Issues: The specific transaction type being processed may not have a corresponding clearing account defined.
  
  Solution:
  To resolve this error, you need to define a zero-balance clearing account for cash in the system. Here are the steps to do so:
  
  
  Access Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> Public Sector Management -> Financial Accounting -> Cash Management -> Define Zero-Balance Clearing Account for Cash
  
  
  
  
  Define the Clearing Account:
  
  In the configuration screen, you will need to specify the clearing account that will be used for cash transactions.
  Ensure that the account you define is a valid G/L account that is set up to handle cash transactions.
  
  
  
  Check Transaction Types:
  
  Ensure that the transaction types you are using in your cash management processes are correctly linked to the clearing account you just defined.
  
  
  
  Test the Configuration:
  
  After making the changes, perform a test transaction to ensure that the error no longer occurs and that cash transactions are processed correctly.
  
  
  
  Consult Documentation:
  
  If you are unsure about the specific account to use, consult your financial accounting team or refer to SAP documentation for guidance on best practices for cash management configuration.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  Training: If you are unfamiliar with the cash management module, consider undergoing training or consulting with an SAP expert to better understand the implications of the configuration changes.
  
  By following these steps, you should be able to resolve the PSM_CASH_FLOW011 error and ensure that your cash management processes function smoothly.