How To Fix T0939 - No payment clearing account has been specified for CoCd &

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 939

• Message text: No payment clearing account has been specified for CoCd &

What causes this issue?

The system has been configured to generate a payment request for this
flow.
The flow is posted to a G/L account according to the posting
specifications, either on the debit side (for an incoming payment) or
on the credit side (for an outgoing payment). In this case, however,
the G/L account assigned via account determination is replaced with a
clearing account for payment requests. This clearing account has not
been defined 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?

Specify the clearing account for payment requests in Customizing for
company code &V1&. Repeat the function that had generated this message.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T0939 - No payment clearing account has been specified for CoCd & ?

  The SAP error message T0939 indicates that there is no payment clearing account specified for the company code (CoCd) in question. This error typically arises during the processing of payments or when trying to clear open items in accounts payable or accounts receivable.
  Cause:
  The primary cause of this error is that the payment clearing account, which is necessary for the system to know where to post the payment transactions, has not been defined for the specified company code. This can happen if:
  
  The configuration for the company code is incomplete.
  The payment clearing account has not been set up in the financial accounting settings.
  There may be a missing or incorrect configuration in the payment program settings.
  
  Solution:
  To resolve the T0939 error, you need to ensure that a payment clearing account is properly defined for the company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Accounts Receivable and Accounts Payable -> Business Transactions -> Outgoing Payments -> Automatic Outgoing Payments -> Set Up Payment Methods for Country
  
  
  
  
  Select the Payment Method:
  
  Choose the relevant payment method for the country you are working with.
  
  
  
  Define the Payment Clearing Account:
  
  In the configuration for the payment method, ensure that the payment clearing account is specified for the relevant company code.
  You may need to enter the G/L account that will be used as the payment clearing account.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is correctly set up in the financial accounting module.
  Verify that all necessary settings related to payment processing are complete.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the payment process again to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  You may use transaction codes like OBPM1 to configure payment methods or OBY6 to check company code settings.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed steps on configuring payment methods and clearing accounts.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  
  
  Consulting with SAP Support:
  
  If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  By following these steps, you should be able to resolve the T0939 error and ensure that your payment processing works smoothly.