How To Fix GMCUSTOM024 - IDC rule and Overhead Cost record rates exist but no IDC relev Fund found

SAP Error Message - Details

• Message type: E = Error

• Message class: GMCUSTOM - Customizable Messages for Grants Management

• Message number: 024

• Message text: IDC rule and Overhead Cost record rates exist but no IDC relev Fund found

What causes this issue?

The Grant Master is assigned a Sponsored Class with the IDC Relevant
indicator set, an IDC rule is assigned to the Grant and an Indirect Rate
is assigned for the Sponsored Class. However, an internal fund with the
IDC Recovery indicator set has not been assigned to the Grant.

System Response

A customizable message is displayed.

How to fix this error?

In your Grant Master, specify an internal fund with the IDC Recovery
indicator set. You could also clear the IDC relevant indicator on the
Sponsored Class or clear the Indirect Rate.
Alternatively, since this is a customizable message, you can change the
message control within GM. This would mean that you are not concerned
about the missing IDC relevant internal fund.
If your business requirements dictate that you must maintain an IDC
relevant internal fund, adjust the message control for this message to
an appropriate severity level in the following customizing step:
Execute customizing step Public Sector Management -> Grants Management
-> Grantee Management --> Global Settings -> Change Message Control for
Grants Management.

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.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GMCUSTOM024 - IDC rule and Overhead Cost record rates exist but no IDC relev Fund found ?

  The SAP error message GMCUSTOM024 indicates that there is an issue with the Indirect Cost (IDC) rules and overhead cost record rates in the system. Specifically, it suggests that while there are IDC rules and overhead cost records defined, there is no relevant funding source (relev Fund) found for those records. This can lead to issues in cost allocation and financial reporting.
  Cause:
  
  Missing Funding Source: The primary cause of this error is that the IDC rules or overhead cost records are not linked to a valid funding source. This could happen if the funding source was not defined or if it was incorrectly configured.
  Configuration Issues: There may be issues in the configuration of the IDC rules or overhead cost records, such as incorrect settings or missing parameters.
  Data Inconsistencies: There could be inconsistencies in the data entered in the system, such as incorrect or incomplete entries in the relevant tables.
  
  Solution:
  
  Check IDC Rules: Review the IDC rules in the system to ensure that they are correctly configured and linked to the appropriate funding sources. Make sure that the relevant fund is defined and active.
  Verify Overhead Cost Records: Check the overhead cost records to ensure that they are set up correctly and that they reference the correct funding sources.
  Update Configuration: If any discrepancies are found in the configuration, update the IDC rules or overhead cost records accordingly. Ensure that all necessary parameters are filled out correctly.
  Consult Documentation: Refer to SAP documentation or guidelines for setting up IDC rules and overhead cost records to ensure compliance with best practices.
  Testing: After making changes, perform testing to ensure that the error is resolved and that the IDC rules and overhead cost records are functioning as expected.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes in SAP to access and modify IDC rules and overhead cost records, such as:
  
  KOB1: Display Actual Line Items
  KSB1: Display Cost Centers
  KSV5: Maintain Overhead Cost Rates
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on resolving it.
  User Roles and Authorizations: Ensure that the user attempting to make changes has the necessary authorizations to modify IDC rules and overhead cost records.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP financial modules for further assistance.