How To Fix PSM_S4C_FM_MD240 - Account &1 is an A/R reconciliation account for down payments.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 240

• Message text: Account &1 is an A/R reconciliation account for down payments.

What causes this issue?

Account &V1& for company code &V2& is an accounts receivable (A/R)
reconciliation account and therefore must have budget consumption type
<LS>Down Payments</> (61.

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?

Change the budget consumption type to <LS>Down Payments</> (61).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD240 - Account &1 is an A/R reconciliation account for down payments. ?

  The SAP error message PSM_S4C_FM_MD240 indicates that the account specified (denoted as &1 in the message) is an Accounts Receivable (A/R) reconciliation account for down payments. This typically occurs in the context of financial transactions where the system is trying to post a transaction that involves down payments, but the account being used is not suitable for that type of transaction.
  Cause:
  
  Account Type: The account in question is set up as a reconciliation account for A/R, which means it is used to track customer balances and down payments. However, it may not be configured to handle the specific type of transaction you are trying to post.
  Transaction Type: The transaction you are attempting to execute may not be compatible with the account type. For example, if you are trying to post a direct expense or revenue transaction to an A/R reconciliation account, the system will prevent this.
  Configuration Issues: There may be configuration issues in the Financial Accounting (FI) module or the Public Sector Management (PSM) module that need to be addressed.
  
  Solution:
  
  Check Account Configuration: Verify the configuration of the account in question. Ensure that it is correctly set up as a reconciliation account for A/R and that it is allowed to handle down payments.
  
  Go to the account master data and check the account type and settings.
  
  
  Review Transaction Type: Ensure that the transaction you are trying to post is appropriate for the account. If it is not, you may need to use a different account that is suitable for the type of transaction.
  Consult Documentation: Review SAP documentation or consult with your SAP FI/PSM consultant to understand the specific requirements for posting transactions involving down payments.
  Use Alternative Accounts: If the account is not suitable for the transaction, consider using an alternative account that is configured to handle the type of transaction you are attempting to post.
  Error Logs: Check the error logs for more detailed information about the error and any related issues that may need to be addressed.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling reconciliation accounts and down payments.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FS00: For managing G/L account master data.
  FB50: For posting general ledger entries.
  FBL5N: For displaying customer line items.
  
  
  Training and Documentation: Consider training sessions or documentation on A/R reconciliation accounts and down payment processing in SAP to better understand the system's requirements and configurations.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting.