How To Fix FI_E037 - Revenue/Statistical and OI/Actual resource account missing for FM area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 037

• Message text: Revenue/Statistical and OI/Actual resource account missing for FM area &1

What causes this issue?

You are using the funds management system integrated with the budgetary
ledger (BL) active for FM area &V1& with account derivation for the
federal government of the United States.
Postings in the BL require a derived FI-GL account for each one of the
document lines. The US federal government account derivation is created
through customizing. However, no revenue/statistical and open
items/actual budget resources account has been customized yet for FM
area &V1&.

System Response

The budgetary ledger processor cannot post this document. Before any
posting, the account derivation has to be customized at FM area level.

How to fix this error?

Maintain the open items/actuals for budget resources account derivation
for the US federal government for FM area &V1& accordingly, executing
transaction OFBL. You can access this using the link below.

<DS:TRAN.OFBL>US federal government BL account derivation</>
ENDIF

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI_E037 - Revenue/Statistical and OI/Actual resource account missing for FM area &1 ?

  The SAP error message FI_E037 indicates that there is a missing revenue/statistical and/or operating income/actual resource account for a specific Funds Management (FM) area. This error typically arises in the context of Funds Management (FM) when trying to post a transaction that requires a valid account assignment.
  Cause:
  
  Missing Configuration: The error usually occurs when the necessary account assignments for revenue/statistical and operating income/actual resources are not configured in the system for the specified FM area.
  Incorrect FM Area: The FM area specified in the transaction may not have the required accounts set up in the system.
  Account Assignment Issues: The account assignment for the transaction may not be correctly defined, leading to the system being unable to find the appropriate accounts.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OBY6 (or the relevant configuration path) to check the configuration for the FM area.
  Ensure that the revenue/statistical and operating income/actual resource accounts are defined for the FM area in question.
  
  
  
  Define Accounts:
  
  If the accounts are missing, you will need to define them. This can typically be done in the configuration settings under Funds Management.
  Navigate to Funds Management > Account Assignment > Define Revenue/Statistical Accounts and Define Operating Income/Actual Resource Accounts.
  
  
  
  Check FM Area Settings:
  
  Ensure that the FM area is correctly set up and that all necessary accounts are assigned to it.
  You can check the settings in the FM Area configuration section.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data you are trying to post. Ensure that the FM area and account assignments are correct and correspond to the configured accounts.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP FI/CO consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6, FMX1, FMX2, and FMX3 for managing FM accounts.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FI_E037 error and ensure that the necessary accounts are in place for your Funds Management area.