How To Fix FO371 - Enter FM account assignment to be managed in collective expenditure

SAP Error Message - Details

• Message type: E = Error

• Message class: FO - Cross-ISPS Functions

• Message number: 371

• Message text: Enter FM account assignment to be managed in collective expenditure

What causes this issue?

The system only allows commitment items for the entry of a collective
expenditure posting-FM account assignment if they are marked as 'in the
collective expenditure to be managed'. Commitment items for which you
want to enter a rule, must be flagged as <LS>2</> (SN posting FM
account assignment) in your master record, in the field
<DS:DE.FM_COLLROL>Role collective expenditure</>.

System Response

Entry is rejected.

How to fix this error?

Enter a commitment item which is marked as "to be managed" in the cost
allocation.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FO371 - Enter FM account assignment to be managed in collective expenditure ?

  The SAP error message FO371 ("Enter FM account assignment to be managed in collective expenditure") typically occurs in the context of Funds Management (FM) within SAP. This error indicates that a financial transaction requires a specific account assignment that has not been provided or is missing.
  Cause:
  
  Missing Account Assignment: The error usually arises when a transaction is being processed that requires a Funds Management account assignment, but the necessary details (like Fund, Commitment Item, or Functional Area) are not provided.
  Configuration Issues: There may be issues with the configuration of the Funds Management module, such as missing settings for collective expenditure management.
  Transaction Type: The transaction type being used may require an FM account assignment that is not being fulfilled.
  
  Solution:
  
  Check Account Assignment: Ensure that the transaction you are trying to process includes the necessary FM account assignment. This typically involves entering the Fund, Commitment Item, and any other required fields.
  Review Configuration: If you have the necessary account assignments but still receive the error, check the configuration settings in the Funds Management module. Ensure that the settings for collective expenditure management are correctly configured.
  Transaction Type Settings: Verify that the transaction type you are using is set up to allow for the required FM account assignments. You may need to consult with your SAP administrator or a functional consultant to review the settings.
  User Authorization: Ensure that the user has the necessary authorizations to enter FM account assignments. Lack of proper authorization can also lead to this error.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions to common problems.
  Documentation: Review the SAP documentation related to Funds Management and collective expenditure management for detailed guidance on required configurations and account assignments.
  Training: If you are unfamiliar with the Funds Management module, consider undergoing training or consulting with a knowledgeable colleague or SAP consultant.
  
  If the issue persists after checking these areas, it may be beneficial to engage with SAP support or a qualified SAP consultant for further assistance.