Account determination is not defined for flow type &1

What causes this issue?

An account determination is not defined for flow type &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?

If the flow type is relevant for posting (that is, it is not used
exclusively in statistical conditions), specify an
<DS:SIMG.REFXV_TIVRAACCDET>account determination</> for flow type &v1&
in Customizing.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.