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

UCD1034 - Overview

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCD1034 - Automatic posting item "Clearing - Income Statement" is not defined ?

  The SAP error message UCD1034, which states that "Automatic posting item 'Clearing - Income Statement' is not defined," typically occurs in the context of financial postings, particularly when dealing with automatic clearing or reconciliation processes in SAP.
  
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Missing Configuration: The automatic posting item for clearing income statement accounts has not been defined in the system. This can happen if the necessary configuration settings in the Financial Accounting (FI) module are incomplete or incorrect.
  
  
  Incorrect Account Assignment: The account that is being used for the posting may not be correctly assigned to the appropriate clearing account or may not exist in the system.
  
  
  Missing or Incorrect Settings in Customizing: The settings in the SAP Customizing (transaction SPRO) for automatic postings may not be set up correctly, leading to this error.
  
  
  
  Solution:
  To resolve the UCD1034 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing