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

GRANTMGMT003 - Overview

• 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.

GRANTMGMT003 - Details

• 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