How To Fix GRANTMGMT492 - Activation of ledger &1 not possible: budget filter settings are missing

GRANTMGMT492 - Overview

• Message type: E = Error

• Message class: GRANTMGMT - Grants Management Message Class

• Message number: 492

• Message text: Activation of ledger &1 not possible: budget filter settings are missing

What causes this issue?

Availability control ledger &V1& cannot be activated for the company
code &V2& from fiscal year &V3& onward, due to missing budget filter
settings.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the required filter settings for ledger &V1& and company code
&V2& in the Customizing activity <DS:SIMG.SIMG_GM_AVC_FILTERS>Define
Filter Settings for Budget Values</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

GRANTMGMT492 - Details

• The SAP error message GRANTMGMT492 indicates that the activation of a ledger is not possible due to missing budget filter settings. This error typically occurs in the context of Grant Management in SAP, where budget management is crucial for tracking and controlling expenditures against grants.
  
  Cause:
  The error is caused by the absence of budget filter settings for the specified ledger. Budget filters are necessary to define how budget data is managed and accessed within the ledger. If these settings are not configured, the system cannot activate the ledger, leading to this error message.
  
  Solution:
  To resolve the GRANTMGMT492 error, you need to ensure that the budget filter settings are properly configured for the ledger in question. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the Grant Management configuration area. This is usually found under the following path:SPRO -> SAP Reference IMG -> Grants Management ->