How To Fix FMGENERIC005 - General Ledger Accounting Customizing must be adjusted (see long text)

FMGENERIC005 - Overview

• Message type: E = Error

• Message class: FMGENERIC - General Funds Management messages

• Message number: 005

• Message text: General Ledger Accounting Customizing must be adjusted (see long text)

What causes this issue?

The system has already found existing ledgers. Either standard scenarios
or customer fields are assigned to these ledgers. Customizing for New
General Ledger Accounting must therefore be adjusted.
Note:
Technically, when Funds Management is activated, the application
indicator, which amongst other things is used to identify the general
ledger, is set from GLF to PSM.

System Response

It is not necessary to activate Funds Management.

How to fix this error?

Perform the following activities: These do not happen automatically so
that you can decide whether existing ledgers should still be used in
Funds Management.
You have two options:
You want to keep the existing ledgers. Run report
FMGL_CHANGE_APPL_IN_LEDGER (compare SAP notes 834815, 840783 and
906397). This report assigns the existing ledgers to Funds Management.
You want to create new ledgers after activating FM. To do this, perform
the following steps:
Delete the assignment between <DS>
<DS:SIMG.VC_FAGL_LEDGER_DC>Scenarios and Ledgers</></>.
Delete All Assignments<DS>
<DS:SIMG.VC_FAGL_LEDGER_DC>Customer Fields to Ledgers</></>.
Activate Funds Management.
Create a new ledger and assign it to these <DS>
<DS:SIMG.VC_FAGL_LEDGER_DC>Scenarios and Customer Fields</></>.

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

Technical Background
Once you have activated Public Sector Management, you may no longer see
existing ledgers of the application (GLF) even though they still exist
in the Customizing tables. Settings in the ledger for Customizing are
used to generate coding (such as field transfers). The steps mentioned
here are necessary so that coding is not created for ledgers that are
not used.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMGENERIC005 - General Ledger Accounting Customizing must be adjusted (see long text) ?

  The SAP error message FMGENERIC005 indicates that there is a configuration issue in the General Ledger Accounting (G/L) settings that needs to be addressed. This error typically arises when there is a mismatch or inconsistency in the customizing settings related to financial management and general ledger accounting.
  
  Cause:
  The error can be caused by several factors, including:
  
  Missing Customizing Settings: Certain required customizing settings for G/L accounting may not be configured properly.
  Inconsistent Configuration: There may be inconsistencies between the financial management (FM) and G/L accounting settings.
  Changes in Configuration: Recent changes in the configuration might not have been properly implemented or saved.
  Version Compatibility: The error may also arise if there are compatibility issues between different versions of SAP modules.
  
  
  Solution:
  To resolve the FMGENERIC005 error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the relevant sections for General Ledger Accounting.
  Ensure that all necessary settings are configured correctly,