How To Fix PSM_S4C_FM_MD041 - Fund type &1 does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 041

• Message text: Fund type &1 does not exist.

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 PSM_S4C_FM_MD041 - Fund type &1 does not exist. ?

  The SAP error message PSM_S4C_FM_MD041 indicates that a specific fund type (denoted by &1) does not exist in the system. This error typically occurs in the context of Public Sector Management (PSM) and Fund Management (FM) when trying to process transactions related to funds.
  Cause:
  
  Missing Fund Type: The fund type specified in the transaction does not exist in the system. This could be due to a configuration issue or an incorrect entry.
  Incorrect Configuration: The fund type may not have been properly defined in the system, or it may have been deleted or deactivated.
  Data Entry Error: There may be a typographical error in the fund type code being used in the transaction.
  
  Solution:
  
  
  Check Fund Type Configuration:
  
  Navigate to the configuration settings for Fund Management in SAP.
  Verify that the fund type in question is defined and active.
  If it is missing, you may need to create it or restore it if it was deleted.
  
  
  
  Create or Modify Fund Type:
  
  If the fund type does not exist, you can create it using the transaction code OBY6 (for Fund Types) or through the relevant configuration path in SPRO.
  Ensure that all necessary attributes and settings for the fund type are correctly configured.
  
  
  
  Verify Data Entry:
  
  Double-check the transaction or document where the error occurred to ensure that the fund type is entered correctly.
  Look for any leading or trailing spaces or incorrect characters.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on fund types and their configuration.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for assistance, especially if this is a production environment.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for fund types, FMX1 for creating funds, and FMX2 for changing funds.
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify fund types 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.