How To Fix PSM_S4C_BUDGET035 - Budget account &1 is not an expenditure or a revenue account.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_BUDGET -

• Message number: 035

• Message text: Budget account &1 is not an expenditure or a revenue account.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_BUDGET035 - Budget account &1 is not an expenditure or a revenue account. ?

  The SAP error message PSM_S4C_BUDGET035 indicates that the budget account specified in your transaction is not classified as an expenditure or revenue account. This error typically occurs in the context of budget management within the Public Sector Management (PSM) module of SAP.
  Cause:
  
  Account Type Misconfiguration: The account you are trying to use for budgeting is not set up correctly in the system. It may be classified as a different type of account (e.g., asset, liability, or equity) rather than an expenditure or revenue account.
  Incorrect Account Assignment: The account number you entered may be incorrect or not intended for the type of transaction you are processing.
  Master Data Issues: The master data for the account may not be properly maintained, leading to incorrect classifications.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account master data in SAP and verify the account type. Ensure that the account is set up as an expenditure or revenue account.
  You can check this in the transaction code FS00 (for general ledger accounts) or OBD4 (for budget accounts).
  
  
  
  Correct Account Usage:
  
  Ensure that you are using the correct account number in your transaction. If you are unsure, consult with your finance or accounting team to confirm the appropriate account to use.
  
  
  
  Review Budget Structure:
  
  Check the budget structure and ensure that the account is included in the budgetary control settings. You can do this in the configuration settings for budget management.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or guidelines provided by your organization regarding budget account usage to ensure compliance with internal policies.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or a consultant who specializes in SAP PSM for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (to view or edit account master data), OBD4 (to manage budget accounts), and S_ALR_87013558 (to analyze budget reports).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Training and Documentation: Ensure that users involved in budget management are adequately trained on the system and understand the importance of using the correct account types.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary corrections to resolve it.