How To Fix PSM_S4C_FM_MD346 - Validity cannot start on &1; func. area has fixed assets valid up to &2.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 346

• Message text: Validity cannot start on &1; func. area has fixed assets valid up to &2.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD346 - Validity cannot start on &1; func. area has fixed assets valid up to &2. ?

  The SAP error message PSM_S4C_FM_MD346 indicates that there is an issue with the validity period of a functional area in relation to fixed assets. Specifically, the error states that the validity cannot start on a specified date because the functional area has fixed assets that are valid only up to a certain date.
  Cause:
  This error typically occurs in the context of Public Sector Management (PSM) or Fund Management (FM) when you are trying to create or modify a budget or a transaction that involves a functional area. The functional area you are working with has fixed assets that are valid only until a certain date, and you are attempting to set a validity start date that is beyond that limit.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Validity Dates:
  
  Review the validity dates of the functional area in question. You can do this by navigating to the relevant configuration or master data for the functional area.
  Ensure that the validity start date you are trying to set is within the range of the existing fixed assets' validity.
  
  
  
  Adjust the Validity Period:
  
  If you need to set a new validity start date, you may need to adjust the validity period of the fixed assets associated with that functional area. This can involve extending the validity of the fixed assets or changing the functional area settings.
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings for the functional area and fixed assets in the SAP system. Ensure that they are set up correctly and that there are no discrepancies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on managing functional areas and fixed assets. This can provide insights into best practices and configuration guidelines.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for assistance. They can provide more specific guidance based on your system configuration and the context of the error.
  
  
  
  Related Information:
  
  Functional Areas: In SAP, functional areas are used to categorize costs and revenues for reporting purposes. They are often linked to budget management and financial reporting.
  Fixed Assets: Fixed assets in SAP are long-term tangible assets that are used in the operations of a business. They have specific validity periods that must be managed carefully.
  Public Sector Management (PSM): This module in SAP is designed for public sector organizations and includes functionalities for budget management, fund management, and asset management.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.