How To Fix PSM_S4C_POSTINGS020 - Posting with account &1 requires an assigned cost center.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 020

• Message text: Posting with account &1 requires an assigned cost center.

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 cost center 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 cost center manually
or contact your system administrator.

Procedure for System Administrators

Make sure that the respective cost center 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_POSTINGS020 - Posting with account &1 requires an assigned cost center. ?

  The SAP error message PSM_S4C_POSTINGS020 indicates that a posting is being attempted with a specific account (denoted by &1), but the system requires an assigned cost center for that account. This error typically occurs in the context of Public Sector Management (PSM) or when dealing with financial postings that require cost center allocation.
  
  Cause:
  The error is triggered when:
  
  A financial transaction is being processed that requires a cost center to be specified, but none has been provided.
  The account being used in the posting is configured to require a cost center in the system settings.
  The cost center is not assigned to the relevant organizational unit or is inactive.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Verify the account configuration in the SAP system to ensure that it is set up to require a cost center. This can be done in the Financial Accounting (FI) or Controlling (CO) module.
  
  
  
  Assign a Cost