New clearing account & not in chart of accounts

What causes this issue?

The clearing account &V1& you specified is not defined in the chart of
accounts of the external company code &V2&.

System Response

No actions were carried out.

How to fix this error?

Choose another clearing account.
Procedure for the System Administrator
If you want to address the account nevertheless, create it in the chart
of accounts &V3&:
<DS:TRAN.FSP1>Proceed</>

Error message extract from SAP system. Copyright SAP SE.