How To Fix PSM_S4C_POSTINGS012 - Posting with account &1 requires an assigned budget period

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 012

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

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 budget period 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 budget period manually
or contact your system administrator.

Procedure for System Administrators

Make sure that the respective budget period 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_POSTINGS012 - Posting with account &1 requires an assigned budget period ?

  The SAP error message PSM_S4C_POSTINGS012 indicates that a posting with a specific account requires an assigned budget period, but it is not available. This error typically occurs in the context of Public Sector Management (PSM) or Budget Control System (BCS) in SAP, where budgetary control is enforced.
  Cause:
  The error is triggered when:
  
  A financial transaction is attempted without a valid budget period assigned to the account in question.
  The budget period may not be defined in the system for the fiscal year or period being used.
  The account may not be properly configured to allow postings without an assigned budget period.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Budget Period Assignment:
  
  Navigate to the budget management settings in SAP and verify that the budget period is correctly assigned to the relevant account.
  Ensure that the fiscal year and period are correctly set up in the system.
  
  
  
  Define Budget Period:
  
  If the budget period is not defined, you may need to create or assign a budget period for the fiscal year in question. This can typically be done in the configuration settings for budget control.
  
  
  
  Review Account Configuration:
  
  Check the configuration of the account being used in the posting. Ensure that it is set up to allow postings with the required budget period.
  You may need to consult with your SAP configuration team to ensure that the account settings align with your organization's budgetary control policies.
  
  
  
  Transaction Code:
  
  Use transaction codes like FMBB (Budgeting) or FMX1 (Create Budget) to manage budget assignments and periods.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to budget control and postings to ensure compliance with the required settings.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test posting to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles and Authorizations: Ensure that the user attempting the posting has the necessary authorizations to access budgetary control functions.
  Training and Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in PSM or BCS.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to allow successful postings with the required budget period.