How To Fix PSM_S4C_FM_MD256 - Assets and contracts accounts receivable not supported for account &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 256

• Message text: Assets and contracts accounts receivable not supported for account &1.

What causes this issue?

Account &V1& with the budget consumption type <LS>Liability</> (54),
<LS>Receivable</> (55) and <LS>Down Payments</> (61) must not be a
reconciliation account for <LS>Asset</> (A) or <LS>Contract Account
Receivable</> (V).

System Response

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

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_MD256 - Assets and contracts accounts receivable not supported for account &1. ?

  The SAP error message PSM_S4C_FM_MD256 indicates that there is an issue with the accounts receivable for assets and contracts in the context of the SAP Public Sector Management (PSM) module. Specifically, it suggests that the account specified (denoted by &1) is not supported for the operation you are trying to perform.
  Cause:
  
  Account Configuration: The account you are trying to use may not be configured to handle accounts receivable for assets and contracts. This could be due to settings in the chart of accounts or the account type.
  Transaction Type: The transaction you are attempting may not be compatible with the account type. For example, certain accounts may only be set up for specific types of transactions.
  Master Data Issues: There may be issues with the master data related to the asset or contract that is causing the error.
  System Settings: The system may not be set up to allow accounts receivable for the specific asset or contract type you are working with.
  
  Solution:
  
  Check Account Configuration: Review the configuration of the account in question. Ensure that it is set up to handle accounts receivable for assets and contracts. You may need to consult with your financial configuration team or SAP support.
  Review Transaction Type: Ensure that the transaction you are trying to execute is appropriate for the account type. If necessary, change the transaction type or use a different account that is compatible.
  Validate Master Data: Check the master data for the asset or contract involved. Ensure that all required fields are filled out correctly and that the data is consistent with the account settings.
  Consult Documentation: Refer to SAP documentation or notes related to the PSM module for any specific requirements or limitations regarding accounts receivable for assets and contracts.
  SAP Support: If the issue persists, consider reaching out to SAP support for further assistance. They may provide insights based on the specific configuration of your system.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that may help you navigate to the configuration settings or master data.
  SAP Notes: Search for SAP Notes related to the error message or the PSM module for any patches or updates that may address the issue.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.