How To Fix H1342 - No FM account assignment defined for cost center &

H1342 - Overview

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 342

• Message text: No FM account assignment defined for cost center &

What causes this issue?

An <DS:GLOS.3526B886AFAB52B9E10000009B38F974>account assignment</> has
not been defined in Funds Management master data for cost center &v1&
in controlling area &v2&.

System Response

No default values proposed for financing.

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

In Funds Management, define a suitable account assignment so that
default values are proposed for automatic financing.
See also: <DS:TX.FPM_0002>Background</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1342 - No FM account assignment defined for cost center & ?

  The SAP error message H1342 ("No FM account assignment defined for cost center &") typically occurs in the context of Funds Management (FM) when you are trying to post a transaction that requires a cost center assignment, but the system cannot find a valid account assignment for that cost center.
  
  Cause:
  
  Missing Configuration: The cost center you are trying to use does not have a corresponding account assignment defined in the Funds Management configuration.
  Inactive Cost Center: The cost center may be inactive or not properly set up in the system.
  Incorrect Posting Period: The posting period may be closed or not open for the cost center.
  Authorization Issues: The user may not have the necessary authorizations to post to the specified cost center.
  
  
  Solution:
  
  
  Check Cost Center Configuration:
  
  Go to the Funds Management configuration and verify that the cost center has a valid FM account assignment.
  Ensure that the cost center is correctly assigned to the relevant FM