How To Fix FMUP047 - Define a default account assignment for the payments on account in FM

FMUP047 - Overview

• Message type: E = Error

• Message class: FMUP - Update in Funds Management

• Message number: 047

• Message text: Define a default account assignment for the payments on account in FM

What causes this issue?

You want to post a payment on account in Funds Management, but the
payment does not have a default FM account assignment.

System Response

The document is not updated in Funds Management.

How to fix this error?

Check if a constant for payments on account is defined in Customizing
for document distribution.
If not, proceed as follows:
Create a constant called AKONT.
Assign FM account assignments values to it.

Procedure for System Administrators

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

INCLUDE NA_PSM_CUSTOMIZ OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMUP047 - Define a default account assignment for the payments on account in FM ?

  The SAP error message FMUP047 indicates that there is a missing configuration for a default account assignment for payments on account in the Funds Management (FM) module. This error typically arises when you attempt to process a payment on account without having defined the necessary default account assignment settings.
  
  Cause:
  The error occurs because the system requires a default account assignment for payments on account, which has not been configured. This is essential for the system to know how to handle the accounting entries related to payments on account in the Funds Management module.
  
  Solution:
  To resolve the FMUP047 error, you need to define a default account assignment for payments on account in the Funds Management configuration. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Public Sector Management -> Funds Management -> Basic Settings -> Define Default