How To Fix PSM_S4C_FM_MD255 - Settings for account &1 with budget consumption type '61' not possible.

PSM_S4C_FM_MD255 - Overview

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 255

• Message text: Settings for account &1 with budget consumption type '61' not possible.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

Account &V1& with the budget consumption type <LS>Down Payments</> (61)
must also be a reconciliation account for customer (D) or vendor (K) in
company code &V2&.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

PSM_S4C_FM_MD255 - Details

• The SAP error message PSM_S4C_FM_MD255 indicates that there is an issue with the settings for a specific account in the context of budget consumption type '61'. This error typically arises in the Public Sector Management (PSM) module when trying to process budget-related transactions.
  
  Cause:
  The error message suggests that the configuration for the specified account (denoted by &1) does not allow for the budget consumption type '61'. This could be due to several reasons, including:
  
  
  Incorrect Configuration: The account may not be properly configured to handle budget consumption type '61'. This could be due to missing settings in the budget control configuration.
  
  
  Budget Type Mismatch: The budget type associated with the account may not be compatible with the consumption type being used.
  
  
  Authorization Issues: There may be authorization issues preventing the system from processing the budget consumption type for the specified account.
  
  
  Transaction Type Issues: The transaction type being used may not be allowed for the