How To Fix PSM_S4C_FM_MD265 - Customer, vendor and contracts accounts receivable not supported for &1.

PSM_S4C_FM_MD265 - Overview

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 265

• Message text: Customer, vendor and contracts accounts receivable not supported for &1.

What causes this issue?

Account &v1& with the budget consumption type <LS>Expense/Revenue</>
(99) must not be a reconciliation account for the <LS>Customer</> (D),
<LS>Vendor</> (K) 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.

How to fix this error?

In the company code assignment, in the field <LS>Recon. Account for
Account Type</> change the value to <LS>Assets</> (A) for asset
accounting or leave the value 'blank' for other accounting purposes.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

PSM_S4C_FM_MD265 - Details

• The SAP error message PSM_S4C_FM_MD265 indicates that there is an issue with the configuration or usage of customer, vendor, and contract accounts in the context of accounts receivable. This error typically arises in the Public Sector Management (PSM) module when trying to process financial transactions that involve these accounts.
  
  Cause:
  The error message suggests that the system does not support the combination of customer, vendor, and contract accounts receivable for the specified entity (indicated by &1). This can occur due to several reasons:
  
  
  Configuration Issues: The system may not be properly configured to handle accounts receivable for the specified customer, vendor, or contract.
  Data Inconsistencies: There may be inconsistencies in the master data for the customer or vendor accounts.
  Transaction Type Restrictions: The transaction type being used may not support accounts receivable for the specified entities.
  Missing Authorizations: The user may not have the necessary authorizations to access or process the specified accounts.
  
  
  Solution:
  To resolve the error,