How To Fix PSM_S4C_POSTINGS040 - Line item &2 requires a budget account for G/L account &1.

PSM_S4C_POSTINGS040 - Overview

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 040

• Message text: Line item &2 requires a budget account for G/L account &1.

What causes this issue?

You are posting line item &V2& with company code &V3& (activated for
Public Sector Management). This is only possible if a budget account has
been assigned.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Make sure the budget account is derived automatically.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS040 - Line item &2 requires a budget account for G/L account &1. ?

  The SAP error message PSM_S4C_POSTINGS040 indicates that a line item in a financial transaction requires a budget account for a specified General Ledger (G/L) account. This error typically occurs in the context of Public Sector Management (PSM) or when working with budgetary control in SAP.
  
  Cause:
  The error is triggered when:
  
  A financial transaction is being processed that requires a budget account, but the system cannot find a valid budget account associated with the specified G/L account.
  The G/L account is configured in such a way that it requires a budget account for postings, but the necessary configuration or master data is missing.
  The budget account is not defined in the budgetary control settings for the specified G/L account.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check G/L Account Configuration:
  
  Go to the G/L account master data (transaction code FS00).
  Verify that the G/L account in question is set up correctly and check if it requires