How To Fix PSM_S4C_FM_MD261 - This G/L account &1 is not assigned to a PSM activated company code

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 261

• Message text: This G/L account &1 is not assigned to a PSM activated company code

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD261 - This G/L account &1 is not assigned to a PSM activated company code ?

  The SAP error message PSM_S4C_FM_MD261 indicates that a General Ledger (G/L) account is not assigned to a Public Sector Management (PSM) activated company code. This typically occurs in the context of Public Sector Accounting (PSA) when trying to post a transaction that involves a G/L account that is not properly configured for the specific company code.
  Cause:
  
  G/L Account Configuration: The G/L account you are trying to use is not assigned to the company code that is activated for PSM. This can happen if the account was created without the necessary configuration for PSM.
  Company Code Activation: The company code may not be activated for PSM, or the G/L account may not be included in the PSM settings for that company code.
  Missing Assignment: The G/L account might not have been assigned to the relevant PSM settings in the configuration.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check G/L Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check the configuration of the G/L account in question.
  Ensure that the account is set up correctly for the company code and that it is marked for use in PSM.
  
  
  
  Assign G/L Account to PSM:
  
  If the G/L account is not assigned to the PSM activated company code, you will need to assign it. This can typically be done in the configuration settings for PSM.
  Navigate to the configuration path: SPRO > Public Sector Management > Basic Settings > G/L Account Assignment and ensure that the G/L account is included in the relevant settings.
  
  
  
  Check Company Code Activation:
  
  Ensure that the company code is activated for PSM. You can check this in the configuration settings under SPRO > Public Sector Management > Basic Settings > Activate Company Code for PSM.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific requirements or additional settings that may be necessary for your particular version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  FS00: G/L Account Master Record
  OBY6: Company Code Global Settings
  SPRO: SAP Reference IMG (Implementation Guide)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to G/L accounts and company code settings.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in Public Sector Management in SAP.