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

PSM_S4C_POSTINGS034 - Overview

• 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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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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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