How To Fix PSM_S4C_FM_MD260 - Budget account &1 does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 260

• Message text: Budget account &1 does not exist.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD260 - Budget account &1 does not exist. ?

  The SAP error message PSM_S4C_FM_MD260 indicates that a budget account specified in a financial transaction does not exist in the system. This error typically occurs in the context of Public Sector Management (PSM) or Funds Management (FM) when trying to post a transaction that references a budget account that has not been defined or activated.
  Cause:
  
  Non-Existent Budget Account: The budget account specified in the transaction does not exist in the system.
  Incorrect Account Assignment: The account number may have been entered incorrectly, leading to the system not recognizing it.
  Inactive Budget Account: The budget account may exist but is not active or has been deactivated.
  Configuration Issues: There may be issues with the configuration of the Funds Management module, leading to the account not being recognized.
  
  Solution:
  
  
  Verify Account Existence:
  
  Check if the budget account exists in the system. You can do this by navigating to the relevant transaction (e.g., FMBB, FMX1) to view budget accounts.
  Use transaction codes like FMAVCR01 to check the budget account and its status.
  
  
  
  Correct Account Assignment:
  
  Ensure that the account number entered in the transaction is correct. Double-check for any typographical errors.
  
  
  
  Activate the Budget Account:
  
  If the budget account exists but is inactive, you may need to activate it. This can typically be done in the configuration settings or by using the appropriate transaction code.
  
  
  
  Review Configuration:
  
  Check the configuration settings for Funds Management to ensure that the budget account is properly set up. This may involve reviewing the settings in the IMG (Implementation Guide) under Public Sector Management > Funds Management.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on managing budget accounts in your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FMBB: Change Budget
  FMX1: Create Budget
  FMAVCR01: Display Budget Availability
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  User Roles: Ensure that the user has the necessary permissions to access and modify budget accounts.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.