How To Fix UCD1034 - Automatic posting item "Clearing - Income Statement" is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: UCD1 - Messages for Document and Breakdown Check

• Message number: 034

• Message text: Automatic posting item "Clearing - Income Statement" is not defined

What causes this issue?

*** similar to UCD1033 ***
The automatic posting item for "Clearing - Income Statement" has not
been specified for &V1& &V2&.

System Response

Document cannot be posted.

How to fix this error?

Create the automatic posting item in one of two ways:
Globally under <ZK>Master Data -> Items -> Selected Items </>
Specifically for &V1& &V2&

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.