How To Fix PZ088 - No clearing account for company code &1 found

SAP Error Message - Details

• Message type: E = Error

• Message class: PZ - Messages: Payment program for payment requests

• Message number: 088

• Message text: No clearing account for company code &1 found

What causes this issue?

No clearing account for payment requests was found for company code
&V1&.

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?

Define a clearing account for payment requests for company code &V1&.
Then execute the following activity in the IMG for <LS>Bank Accounting
</>:
<LS><DS:SIMG.FIBL_V_ATPRA_FI>Define Clearing Accounts for Cross-Country
Bank Account Transfers</></>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PZ088 - No clearing account for company code &1 found ?

  The SAP error message PZ088 "No clearing account for company code &1 found" typically occurs in the context of financial transactions, particularly when dealing with clearing accounts in the SAP system. This error indicates that the system cannot find a designated clearing account for the specified company code, which is necessary for processing certain financial transactions.
  Cause:
  
  Missing Clearing Account Configuration: The most common cause of this error is that the clearing account has not been defined for the specified company code in the configuration settings.
  Incorrect Company Code: The company code specified in the transaction may be incorrect or not properly set up in the system.
  Transaction Type: The type of transaction being processed may require a clearing account that has not been set up.
  Master Data Issues: There may be issues with the master data related to the accounts involved in the transaction.
  
  Solution:
  
  
  Define Clearing Account:
  
  Go to the SAP configuration (SPRO) and navigate to the relevant section for defining clearing accounts.
  Ensure that a clearing account is set up for the specified company code. This is typically done in the Financial Accounting (FI) module under General Ledger Accounting settings.
  Check the account settings to ensure that the account is active and properly configured.
  
  
  
  Check Company Code:
  
  Verify that the company code specified in the transaction is correct and exists in the system.
  Ensure that the company code is properly configured in the system.
  
  
  
  Review Transaction Type:
  
  Check the type of transaction you are trying to process and ensure that it aligns with the clearing account requirements.
  If necessary, adjust the transaction type or the associated accounts.
  
  
  
  Master Data Review:
  
  Review the master data for the accounts involved in the transaction to ensure that they are correctly set up and linked to the appropriate clearing accounts.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on clearing accounts and their configuration.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBYC (for account determination) or FS00 (for account master data) to check and configure the necessary settings.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting within SAP.