How To Fix GMMASTERDATA066 - Fund &1 does not exist in FM area &2 of company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: GMMASTERDATA - Grant master data maintenance messages only

• Message number: 066

• Message text: Fund &1 does not exist in FM area &2 of company code &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GMMASTERDATA066 - Fund &1 does not exist in FM area &2 of company code &3 ?

  The SAP error message GMMASTERDATA066 indicates that a specific fund does not exist in the specified Funds Management (FM) area of a given company code. This error typically arises when trying to perform operations related to funds management, such as posting transactions or creating budget entries, and the system cannot find the specified fund in the relevant FM area.
  Cause:
  
  Fund Not Created: The fund you are trying to use has not been created in the specified FM area.
  Incorrect FM Area: The FM area specified in the transaction does not match the FM area where the fund is defined.
  Company Code Issues: The company code specified may not be linked to the FM area where the fund exists.
  Data Inconsistency: There may be inconsistencies in the master data, such as missing or incorrect entries.
  
  Solution:
  
  
  Check Fund Existence:
  
  Go to the Funds Management area in SAP and check if the fund exists in the specified FM area and company code.
  Use transaction code FMX1 (Create Fund) or FMX2 (Change Fund) to verify the fund's existence.
  
  
  
  Create the Fund:
  
  If the fund does not exist, you will need to create it using the appropriate transaction (e.g., FMX1).
  Ensure that you enter the correct FM area and company code when creating the fund.
  
  
  
  Verify FM Area and Company Code:
  
  Ensure that the FM area and company code you are using in your transaction are correct.
  You can check the configuration in the Funds Management settings to ensure that the FM area is properly assigned to the company code.
  
  
  
  Check Master Data:
  
  Review the master data for any inconsistencies or missing entries that could be causing the issue.
  Ensure that all necessary configurations and settings are in place for the FM area and funds.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your organization's SAP support team for additional guidance on managing funds and FM areas.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FMX1: Create Fund
  FMX2: Change Fund
  FMX3: Display Fund
  
  
  Configuration: You may need to check the configuration settings in the SAP IMG (Implementation Guide) under Public Sector Management > Funds Management > Master Data.
  Authorization: Ensure that you have the necessary authorizations to create or modify funds in the system.
  
  By following these steps, you should be able to resolve the GMMASTERDATA066 error and ensure that the fund is correctly set up in the specified FM area and company code.