How To Fix PSM_S4C_POSTINGS034 - Budget account &1 cannot be used as a carryforward account.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 034

• Message text: Budget account &1 cannot be used as a carryforward account.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS034 - Budget account &1 cannot be used as a carryforward account. ?

  The SAP error message PSM_S4C_POSTINGS034 indicates that the budget account specified cannot be used as a carryforward account. This error typically arises in the context of Public Sector Management (PSM) in SAP, particularly when dealing with budget carryforward processes.
  Cause:
  The error can occur due to several reasons, including:
  
  
  Account Configuration: The budget account may not be configured correctly in the system to allow carryforward. This could be due to settings in the chart of accounts or the account type.
  
  
  Account Type Restrictions: The account type may not be designated as a carryforward account. In SAP, certain account types are specifically set up to handle carryforward transactions.
  
  
  Budgeting Settings: The budgeting settings in the controlling area or the fiscal year variant may not allow for carryforward of the specified account.
  
  
  Fiscal Year Closing: If the fiscal year has been closed, carryforward transactions may not be allowed for that period.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Go to the configuration settings for the budget account in question.
  Ensure that the account is set up correctly to allow carryforward. This may involve checking the account type and ensuring it is marked as a carryforward account.
  
  
  
  Review Account Type:
  
  Verify that the account type is appropriate for carryforward. You may need to consult with your financial team or SAP configuration team to ensure the account is set up correctly.
  
  
  
  Adjust Budgeting Settings:
  
  Review the budgeting settings in the controlling area and fiscal year variant. Ensure that carryforward is enabled for the relevant accounts.
  
  
  
  Check Fiscal Year Status:
  
  Ensure that the fiscal year is open for carryforward transactions. If the fiscal year is closed, you may need to reopen it or adjust your carryforward strategy.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific configuration steps related to carryforward accounts in your version of SAP.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for fiscal year variant) or S_ALR_87013558 (for budget reports) to check configurations.
  SAP Notes: Look for relevant SAP Notes that may address this specific error or provide additional guidance on carryforward account configurations.
  User Roles: Ensure that you have the necessary authorizations to make changes to account configurations or budget settings.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary changes to resolve it.