How To Fix PFQ1016 - Choose a correct Fund code

SAP Error Message - Details

• Message type: E = Error

• Message class: PFQ1 - ADP ITF

• Message number: 016

• Message text: Choose a correct Fund code

What causes this issue?

The Fund code identifying the code for the multiple element selected
(type Cxx or HCX) is incorrect.

System Response

The system does not carry out the processing.

How to fix this error?

Enter a correct Fund code, produced from the table of reference values
(CT4).

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 PFQ1016 - Choose a correct Fund code ?

  The SAP error message PFQ1016, "Choose a correct Fund code," typically occurs in the context of fund management within SAP, particularly when dealing with budgetary control and fund allocation. This error indicates that the system cannot find a valid fund code for the transaction you are trying to execute.
  Cause:
  
  Invalid Fund Code: The fund code entered does not exist in the system or is not valid for the specific transaction.
  Fund Code Not Assigned: The fund code may not be assigned to the relevant organizational unit or may not be active.
  Incorrect Configuration: There may be configuration issues in the fund management settings that prevent the system from recognizing the fund code.
  Authorization Issues: The user may not have the necessary authorizations to access or use the specified fund code.
  
  Solution:
  
  Verify Fund Code: Check the fund code you are entering to ensure it is correct. You can do this by navigating to the fund management area in SAP and confirming that the fund code exists and is active.
  Check Assignments: Ensure that the fund code is properly assigned to the relevant organizational unit and that it is valid for the type of transaction you are attempting.
  Review Configuration: If you have access, review the configuration settings in the Fund Management module to ensure everything is set up correctly.
  User Authorizations: Confirm that you have the necessary authorizations to use the fund code. If not, contact your SAP security administrator to request the appropriate access.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for fund management to ensure compliance with the required processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for fund management, such as FMX1 (Create Fund), FMX2 (Change Fund), and FMX3 (Display Fund).
  SAP Notes: Check SAP Notes for any known issues or patches related to fund management and the specific error message.
  Training: If you are new to SAP fund management, consider undergoing training or reviewing training materials to better understand how fund codes work within the system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in fund management.