3224457 - Account XXXX requires an account assignment relevant to cost accounting in "Reprocess bank statement items"

When trying to manually reprocess the failed bank statement items in app "Reprocess bank statement items", it fails and below error appears in the log.

'Account XXXX requires an account assignment relevant to cost accounting'

"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

1. Open app "Reprocess bank statement items".
2. Reprocess the failed bank statement items and try to post. 

Configuration issue

1. Go to SSCUI 102639(Manage Default Account Assignments) configuration.
2. Maintain Cost Center for the relevant company code and cost element.
   

account assignment, cost accounting, reprocess bank statement items, SSCUI 102639, FI-BL-PT-BA, S/4HANA Cloud , KBA , FI-BL-PT-BA , bank statement , Known Error