How To Fix PSM_S4C_POSTINGS042 - Line item &2: Account &1 maintained as a budget account does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 042

• Message text: Line item &2: Account &1 maintained as a budget account does not exist.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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_POSTINGS042 - Line item &2: Account &1 maintained as a budget account does not exist. ?

  The SAP error message PSM_S4C_POSTINGS042 indicates that there is an issue with a budget account in the context of Public Sector Management (PSM) or Funds Management (FM) in SAP. Specifically, the error states that the account specified in the line item does not exist as a budget account in the system.
  Cause:
  
  Account Not Defined: The account specified in the error message (Account &1) is not defined as a budget account in the system.
  Incorrect Account Assignment: The account may be incorrectly assigned in the configuration or in the transaction being processed.
  Master Data Issues: The master data for the account may not be set up correctly, or the account may have been deleted or deactivated.
  Configuration Issues: There may be issues in the configuration of the Funds Management module, particularly in the settings related to budget accounts.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBY6 (or the relevant configuration transaction) to check if the account is defined as a budget account.
  Ensure that the account is correctly set up in the relevant chart of accounts and is marked as a budget account.
  
  
  
  Verify Master Data:
  
  Use transaction codes like FS00 to check the account master data for Account &1.
  Ensure that the account is active and has the necessary settings for budget management.
  
  
  
  Review Transaction Data:
  
  Check the transaction that triggered the error to ensure that the correct account is being used.
  If the account is being used in a budget-related transaction, ensure that it is appropriate for that context.
  
  
  
  Consult Configuration Documentation:
  
  Review the configuration documentation for Funds Management to ensure that all necessary settings are in place for budget accounts.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, especially if this is a production issue.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for account configuration), FS00 (for account master data), and FMX1 (for budget management).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Review SAP Help documentation related to Funds Management and budget account configuration for more detailed guidance.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary corrections to resolve it.