How To Fix PSM_S4C_POSTINGS024 - Budget period &1 does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 024

• Message text: Budget period &1 does not exist.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS024 - Budget period &1 does not exist. ?

  The SAP error message PSM_S4C_POSTINGS024 indicates that there is an issue with the budget period specified in a transaction. Specifically, the error message states that the budget period you are trying to use does not exist in the system.
  Cause:
  
  Incorrect Budget Period: The budget period you are trying to post to may not be defined in the system for the fiscal year you are working with.
  Fiscal Year Variant: The fiscal year variant may not be set up correctly, or the budget period may not align with the fiscal year variant.
  Period Status: The budget period may be closed or not open for posting.
  Configuration Issues: There may be configuration issues in the budget management settings that prevent the system from recognizing the budget period.
  
  Solution:
  
  
  Check Budget Period: Verify that the budget period you are trying to use is defined in the system. You can do this by navigating to the budget management settings in SAP and checking the periods defined for the relevant fiscal year.
  
  
  Open Budget Period: Ensure that the budget period is open for posting. If it is closed, you may need to open it or use a different period that is open.
  
  
  Fiscal Year Variant: Check the fiscal year variant settings to ensure that the budget periods align correctly with the fiscal year. You can do this in the configuration settings under Financial Accounting (FI) or Public Sector Management (PSM).
  
  
  Configuration Review: Review the configuration settings for budget management to ensure that everything is set up correctly. This may involve checking the settings in transaction codes like OBBP (for fiscal year variant) or OBBP (for budget periods).
  
  
  Consult Documentation: If you are unsure about the configuration or how to resolve the issue, consult the SAP documentation or reach out to your SAP support team for assistance.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as S_ALR_87013558 (for budget reports) or S_ALR_87013559 (for budget availability control) to analyze the budget situation.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on budget period management.
  User Authorization: Ensure that you have the necessary authorizations to view and modify budget periods in the system.
  
  By following these steps, you should be able to identify the cause of the error and implement the appropriate solution.