How To Fix GRANTMGMT003 - No FM budget type is assigned to company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GRANTMGMT - Grants Management Message Class

• Message number: 003

• Message text: No FM budget type is assigned to company code &1

What causes this issue?

You are using Grants Management. However, the Funds Management (FM)
budget category (payment budget or commitment budget) is not assigned
for this company code.

System Response

Processing stops.

How to fix this error?

Assign FM budget catetory for this company code:
<DS:TRAN.GM_CC_SETTINGS>Maintain Company Code Settings</>

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 GRANTMGMT003 - No FM budget type is assigned to company code &1 ?

  The SAP error message GRANTMGMT003 indicates that there is no budget type assigned to the specified company code in the context of Grant Management. This error typically arises when you are trying to perform a transaction related to budget management for grants, but the system cannot find the necessary configuration for the specified company code.
  Cause:
  The primary cause of this error is that the budget type has not been defined or assigned to the company code in the Grant Management settings. This can happen due to:
  
  Missing Configuration: The budget type for the company code has not been set up in the system.
  Incorrect Settings: The configuration might be incorrect or incomplete.
  New Company Code: If a new company code has been created, it may not have been properly configured for Grant Management.
  
  Solution:
  To resolve the GRANTMGMT003 error, you need to ensure that a budget type is assigned to the relevant company code. 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 -> Grants Management -> Budget Management -> Define Budget Types
  
  
  
  
  Define Budget Types:
  
  Check if the budget type you want to use is defined.
  If not, create a new budget type as needed.
  
  
  
  Assign Budget Type to Company Code:
  
  Navigate to the configuration for assigning budget types to company codes:
  SPRO -> SAP Reference IMG -> Grants Management -> Budget Management -> Assign Budget Types to Company Codes
  
  Here, you can assign the appropriate budget type to the relevant company code.
  
  
  
  Check Authorizations:
  
  Ensure that you have the necessary authorizations to make these changes.
  
  
  
  Test the Configuration:
  
  After making the changes, test the transaction that previously resulted in the error to confirm that it has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration and S_ALR_87013558 for budget reports.
  Documentation: Refer to SAP Help documentation for detailed steps on Grant Management configuration.
  Support: If you continue to face issues, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  By following these steps, you should be able to resolve the GRANTMGMT003 error and ensure that your company code is properly configured for budget management in SAP.