How To Fix PSM_S4C_FM_MD024 - Validity cannot start on &2; this fund has postings from &1 on.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 024

• Message text: Validity cannot start on &2; this fund has postings from &1 on.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD024 - Validity cannot start on &2; this fund has postings from &1 on. ?

  The SAP error message PSM_S4C_FM_MD024 indicates that there is an issue with the validity period of a fund in the Public Sector Management (PSM) module. Specifically, the error states that the validity of the fund cannot start on a specified date because there are already postings made to that fund from an earlier date.
  Cause:
  The error occurs when you attempt to set a validity period for a fund that overlaps with existing financial postings. In other words, the system is trying to enforce a rule that prevents the validity period of a fund from starting before the last posting date. This is to ensure data integrity and prevent inconsistencies in financial reporting.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Existing Postings: Review the postings made to the fund to identify the last posting date. You can do this by navigating to the relevant transaction codes or reports that display fund postings.
  
  
  Adjust Validity Dates: If you need to change the validity period of the fund, ensure that the start date of the validity period is set to a date after the last posting date. This may involve adjusting the validity period to accommodate the existing postings.
  
  
  Delete or Adjust Postings: If the existing postings are not needed, you may consider reversing or deleting them. However, be cautious with this approach, as it may have implications for financial reporting and compliance.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed guidance on managing fund validity periods and postings.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide assistance based on your specific configuration and requirements.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMX1 (Create Fund), FMX2 (Change Fund), and FMX3 (Display Fund) to manage fund data.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  Training and Documentation: Ensure that users involved in fund management are trained on the proper procedures for setting validity periods and handling postings to avoid similar issues in the future.
  
  By following these steps, you should be able to resolve the error and ensure that your fund management processes run smoothly.