How To Fix PM284 - Target acct &1 from comp. code &2 with currency &3 has balance 0

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 284

• Message text: Target acct &1 from comp. code &2 with currency &3 has balance 0

What causes this issue?

No cash management and forecast records were selected for the target
account specified. It is, however, possible that no records yet exist
for new accounts (or after reorganization); you can ignore the message
if this is the case.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PM284 - Target acct &1 from comp. code &2 with currency &3 has balance 0 ?

  The SAP error message PM284 indicates that there is an issue with a target account in a specific company code that has a balance of zero. This error typically arises in the context of financial postings, particularly in the Project System (PS) or Controlling (CO) modules, where a transaction is trying to post to an account that does not have any balance.
  Cause:
  
  Zero Balance: The target account specified in the error message has a balance of zero, which means that there are no funds available for the transaction you are trying to execute.
  Incorrect Account Assignment: The account being referenced may not be the correct one for the transaction, or it may not be set up properly in the system.
  Currency Issues: The currency specified may not match the currency settings of the account or the company code.
  Posting Period: The posting period may be closed, preventing any transactions from being posted to that account.
  Configuration Issues: There may be configuration issues in the financial settings or in the project settings that need to be addressed.
  
  Solution:
  
  Check Account Balance: Verify the balance of the target account in the specified company code. If it is indeed zero, you may need to transfer funds or adjust the account balance.
  Review Account Assignment: Ensure that the account being used is the correct one for the transaction. Check the configuration settings for the account in the SAP system.
  Currency Verification: Confirm that the currency used in the transaction matches the currency settings of the account and the company code.
  Open Posting Period: Check if the posting period is open. If it is closed, you may need to open it or post the transaction in an open period.
  Consult Configuration: Review the configuration settings in the Financial Accounting (FI) and Controlling (CO) modules to ensure everything is set up correctly.
  Transaction Type: Ensure that the transaction type being used is appropriate for the account and that it allows postings to accounts with zero balances if necessary.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FS00 (to view or change G/L account master data), FBL3N (to display G/L account line items), or KSB1 (to display cost center line items) to investigate further.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation for the Project System and Controlling modules for more detailed information on account management and posting rules.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the relevant modules.