How To Fix FMCY034 - Cost object &1 has been excluded for the transfer to Funds Management

SAP Error Message - Details

• Message type: E = Error

• Message class: FMCY - Copy budget data

• Message number: 034

• Message text: Cost object &1 has been excluded for the transfer to Funds Management

What causes this issue?

The planning values assigned to cost object &V1& cannot be used to
transfer planning data because of the current Customizing settings: The
relationship between CO area &V4&, company code &V2& and FM area does
not allow the transfer, because the cost object &V1& belongs to company
code &V2&, which is not assigned to the FM area you selected.

System Response

These planning values will not be transferred to Funds Management.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMCY034 - Cost object &1 has been excluded for the transfer to Funds Management ?

  The SAP error message FMCY034 indicates that a specific cost object (identified by &1) has been excluded from the transfer to Funds Management (FM). This typically occurs in the context of controlling and financial management processes within SAP, particularly when integrating cost accounting with funds management.
  Cause:
  The error can arise due to several reasons, including:
  
  
  Cost Object Configuration: The cost object may not be properly configured for integration with Funds Management. This could be due to settings in the controlling area or the cost object type.
  
  
  Funds Management Settings: The Funds Management settings may exclude certain cost objects from being transferred. This could be due to specific settings in the FM configuration that prevent the cost object from being recognized.
  
  
  Master Data Issues: The master data for the cost object may be incomplete or incorrect, leading to its exclusion from the transfer process.
  
  
  Transaction Type: The transaction type associated with the cost object may not be allowed for transfer to Funds Management.
  
  
  Authorization Issues: There may be authorization restrictions that prevent the cost object from being processed in Funds Management.
  
  
  Solution:
  To resolve the FMCY034 error, you can take the following steps:
  
  
  Check Cost Object Configuration:
  
  Verify the configuration of the cost object in the controlling area. Ensure that it is set up to allow transfers to Funds Management.
  
  
  
  Review Funds Management Settings:
  
  Check the Funds Management configuration to ensure that the cost object type is included in the transfer settings. You may need to adjust the settings to include the cost object.
  
  
  
  Validate Master Data:
  
  Review the master data associated with the cost object. Ensure that all required fields are filled out correctly and that the data is consistent.
  
  
  
  Examine Transaction Types:
  
  Check the transaction type linked to the cost object. Ensure that it is valid for transfer to Funds Management.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to process the cost object in Funds Management.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the FMCY034 error and related configuration settings.
  
  
  
  Testing:
  
  After making the necessary adjustments, perform a test transaction to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for Funds Management settings) or OKKP (for controlling area settings) to access the relevant configuration areas.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the cause of the FMCY034 error and implement a solution to resolve it.