How To Fix PSM_S4C_FM_MD248 - Account cannot be an expense account.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 248

• Message text: Account cannot be an expense account.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD248 - Account cannot be an expense account. ?

  The SAP error message PSM_S4C_FM_MD248 indicates that the account you are trying to use is classified as an expense account, which is not allowed in the context of the operation you are attempting to perform. This error typically arises in the Public Sector Management (PSM) module when dealing with funds management or budgetary control.
  Cause:
  
  Account Type Misconfiguration: The account you are trying to use is set up as an expense account in the chart of accounts, but the transaction requires a different type of account (e.g., a revenue or asset account).
  Transaction Context: The specific transaction you are executing may not allow expense accounts, such as certain types of budget postings or fund transfers.
  Account Assignment: The account assignment in the transaction may not be compatible with the type of account being used.
  
  Solution:
  
  Check Account Configuration: Verify the configuration of the account in the chart of accounts. Ensure that it is set up correctly for the type of transaction you are trying to perform.
  
  Go to the account master data and check the account type.
  
  
  Use the Correct Account: If the transaction requires a different type of account, select an appropriate account that is not classified as an expense account.
  Review Transaction Type: Ensure that the transaction you are executing is appropriate for the account type. If necessary, consult the documentation or your SAP administrator for guidance on the correct account types for specific transactions.
  Consult with Finance Team: If you are unsure about which account to use, consult with your finance or accounting team to ensure compliance with financial policies and procedures.
  
  Related Information:
  
  SAP Documentation: Refer to the SAP Help Portal for detailed information on account types and their usage in different transactions.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to funds management and budgetary control, such as FMBB (Budgeting) or FMME (Manage Funds).
  User Roles and Authorizations: Ensure that you have the necessary authorizations to perform the transaction, as restrictions may also lead to errors.
  
  If the issue persists after checking the above points, it may be beneficial to engage with your SAP support team or consult SAP Notes for any known issues or patches related to this error message.