How To Fix PSM_S4C_POSTINGS010 - Posting with account &1 requires an assigned fund

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 010

• Message text: Posting with account &1 requires an assigned fund

What causes this issue?

You are posting using the G/L account &V1& (classified as a budget
consumption type for expenses/revenues, CO postings or down payments)
and the company code &V2& (activated for Public Sector Management).
This is only possible if a fund has been assigned.

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?

Either enter the respective fund manually or contact your system
administrator.

Procedure for System Administrators

Make sure that the respective fund is
derived automatically.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS010 - Posting with account &1 requires an assigned fund ?

  The SAP error message PSM_S4C_POSTINGS010 indicates that a posting with a specific account requires an assigned fund, but the system could not find one. This error typically occurs in the context of Public Sector Management (PSM) or Fund Management (FM) modules in SAP, where fund assignments are crucial for financial tracking and reporting.
  Cause:
  
  Missing Fund Assignment: The account you are trying to post to requires a fund assignment, but none has been provided in the transaction.
  Incorrect Configuration: The account may be configured to require a fund assignment, but the relevant settings in the system may not be correctly set up.
  Transaction Type: The type of transaction you are attempting may inherently require a fund assignment, and the necessary data is not being supplied.
  
  Solution:
  
  Check Fund Assignment: Ensure that the transaction you are trying to execute includes a valid fund assignment. You may need to specify a fund in the posting document.
  Review Account Configuration: Check the configuration of the account in question to see if it is set to require a fund assignment. If it is, ensure that the necessary fund is assigned in your transaction.
  Transaction Data: Verify that all required fields in the transaction are filled out correctly, including the fund-related fields.
  Consult Documentation: Review SAP documentation or consult with your SAP support team to understand the specific requirements for the account and transaction type you are using.
  Testing: If you have made changes to the configuration or data, test the posting again to see if the issue is resolved.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with transaction codes related to fund management and postings, such as FMX1 (Create Fund), FMX2 (Change Fund), and FMX3 (Display Fund).
  User Roles and Authorizations: Ensure that the user performing the transaction has the necessary authorizations to post with fund assignments.
  Training and Documentation: Consider training sessions or documentation for users involved in financial postings to ensure they understand the requirements for fund assignments.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP PSM or FM for further assistance.