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

PSM_S4C_POSTINGS012 - Overview

• 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.

PSM_S4C_POSTINGS012 - Details

• 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,