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

PSM_S4C_FM_MD261 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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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