Account 598146 requires an account assignment relevant to cost accounting in S4 Hana 2020

Dear Friends,

While executing T.code RECEEP, I am getting the following error in S4 Finance 2020

Account 598146 requires an account assignment relevant to cost accounting
Message No. KI235
Diagnosis
You have not defined a CO account assignment for an account that is relevant to cost accounting.
System Response
Account 489058 is defined as a cost element.
This means that you must always specify a CO account assignment.

The posting row affected is 0000000001, account 489058.

Please suggest.

Regards

Sridhar