How To Fix GRANTMGMT358 - No FM address is assigned to FM area &1,grant type &2,and grantee year &3

SAP Error Message - Details

• Message type: E = Error

• Message class: GRANTMGMT - Grants Management Message Class

• Message number: 358

• Message text: No FM address is assigned to FM area &1,grant type &2,and grantee year &3

What causes this issue?

You are using Grants Management (GM). The currency revaluation in
budgeting requires a default FM address for each combination of FM area
,grant type, and grantee year. However, there is no FM address for FM
area &V1&, grant type &V2&, and grantee year &V3&.

System Response

Revaluation of currency cannot continue.

How to fix this error?

Assign a default FM address for this combination of FM area, grant type,
and grantee year.
<DS:TRAN.GM_REV_SETTINGS>Assign Default FM Address</>

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 GRANTMGMT358 - No FM address is assigned to FM area &1,grant type &2,and grantee year &3 ?

  The SAP error message GRANTMGMT358 indicates that there is no financial management (FM) address assigned to a specific FM area, grant type, and grantee year. This error typically arises in the context of grant management within SAP, where financial management is closely tied to specific grants and their associated data.
  Cause:
  The error occurs due to one or more of the following reasons:
  
  Missing FM Address: The FM address for the specified combination of FM area, grant type, and grantee year has not been defined in the system.
  Configuration Issues: There may be a misconfiguration in the grant management settings or the financial management settings.
  Data Entry Errors: Incorrect data entry when creating or managing grants can lead to this error, such as specifying an incorrect FM area or grant type.
  
  Solution:
  To resolve the GRANTMGMT358 error, you can take the following steps:
  
  
  Check FM Address Assignment:
  
  Navigate to the configuration settings for Grant Management in SAP.
  Verify if an FM address is assigned to the specified FM area, grant type, and grantee year.
  If it is not assigned, you will need to create or assign the appropriate FM address.
  
  
  
  Create or Update FM Address:
  
  If the FM address does not exist, you can create a new FM address by going to the relevant transaction (e.g., FMAVC or FMADDR).
  Ensure that the FM address is correctly linked to the FM area, grant type, and grantee year.
  
  
  
  Review Configuration:
  
  Check the configuration settings for Grant Management and Financial Management to ensure they are set up correctly.
  Make sure that all necessary settings are in place for the grant management process.
  
  
  
  Data Validation:
  
  Review the data entered for the grant to ensure that all fields are correctly filled out and correspond to existing records in the system.
  Correct any discrepancies in the data entry.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on managing FM addresses and grant management settings.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMAVC (for budget control) and FMADDR (for managing FM addresses).
  SAP Notes: Check for any SAP Notes related to grant management and FM address assignments that may provide additional insights or solutions.
  User Roles: Ensure that the user has the necessary permissions to view and modify FM addresses and grant management settings.
  
  By following these steps, you should be able to identify and resolve the issue causing the GRANTMGMT358 error in SAP.