3224457 - Account requires an account assignment relevant to cost accounting in Reprocess Bank Statement Items app

When trying to reprocess or checking the bank statement items in app "Reprocess Bank Statement Items", the below error appears in the 'Log' tab.
Account & requires an account assignment relevant to cost accounting (Message no. KI235).

Image/data in this KBA is from SAP internal systems, sample data, or demo systems. Any resemblance to real data is purely coincidental.

SAP S/4HANA Cloud Public Edition

1. Go to configuration "Manage Default Account Assignments" (ID: 102639).
2. Maintain default cost center for the relevant company code and cost element.
   

Reprocess Bank Statement Items, Account Assignment, Cost Accounting, Manage Default Account Assignments, 102639, Cost Element , KBA , FI-BL-PT-BA-2CL , bank statement (Public Cloud) , Problem