How To Fix /PM0/ALT_CM_MESSAGE023 - No fund asset exists in contract for fund &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALT_CM_MESSAGE -

• Message number: 023

• Message text: No fund asset exists in contract for fund &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALT_CM_MESSAGE023 - No fund asset exists in contract for fund &1 ?

  The SAP error message /PM0/ALT_CM_MESSAGE023 indicates that there is no fund asset associated with a specific contract for the specified fund. This error typically arises in the context of Public Sector Management (PSM) or Fund Management (FM) modules in SAP, where fund assets are linked to contracts for tracking and management purposes.
  Cause:
  
  Missing Fund Asset: The primary cause of this error is that the fund asset has not been created or linked to the contract in question.
  Incorrect Configuration: There may be configuration issues in the fund management settings that prevent the system from recognizing the fund asset.
  Data Entry Errors: There could be mistakes in the data entry, such as incorrect fund codes or contract numbers.
  Inactive Fund: The fund associated with the contract may be inactive or not properly set up in the system.
  
  Solution:
  
  
  Check Fund Asset Creation:
  
  Verify if the fund asset has been created for the specified fund and contract. If not, create the necessary fund asset.
  Use transaction codes like FMAVC or FMX1 to check and create fund assets.
  
  
  
  Review Contract Details:
  
  Ensure that the contract is correctly set up and that it references the correct fund. Check the contract details for any discrepancies.
  
  
  
  Configuration Review:
  
  Review the configuration settings in the Fund Management module to ensure that everything is set up correctly. This may involve checking the fund types, fund categories, and related settings.
  
  
  
  Data Validation:
  
  Validate the data entered in the system. Ensure that the fund and contract numbers are correct and correspond to existing records.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on fund management and asset management processes.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMX1 (Create Fund Asset), FMX2 (Change Fund Asset), and FMX3 (Display Fund Asset).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary permissions to create or modify fund assets and contracts in the system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.