How To Fix PSM_S4C_POSTINGS060 - Cost center &1 requires a fund.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 060

• Message text: Cost center &1 requires a fund.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS060 - Cost center &1 requires a fund. ?

  The SAP error message PSM_S4C_POSTINGS060 indicates that a cost center requires a fund assignment in the context of Public Sector Management (PSM) or Fund Management (FM) in SAP. This error typically occurs when you are trying to post a transaction that involves a cost center that is not linked to a valid fund.
  Cause:
  
  Missing Fund Assignment: The cost center you are trying to use in your transaction does not have a fund assigned to it.
  Incorrect Configuration: The configuration settings for the cost center or fund management may not be set up correctly.
  Transaction Type: The type of transaction you are trying to post may require a fund assignment, and the cost center does not meet this requirement.
  
  Solution:
  
  
  Assign a Fund to the Cost Center:
  
  Go to the cost center master data in SAP.
  Check the settings for the cost center and ensure that a valid fund is assigned.
  If not, assign the appropriate fund to the cost center.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Fund Management module to ensure that the cost center is correctly set up to require a fund.
  Ensure that the fund is active and available for use.
  
  
  
  Transaction Review:
  
  Review the transaction you are trying to post to ensure that it is appropriate for the cost center and that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your organization's internal guidelines for managing cost centers and funds to ensure compliance with the required processes.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or a consultant who specializes in SAP PSM or FM for further assistance.
  
  
  
  Related Information:
  
  Cost Center Accounting (CCA): This is a part of the controlling module in SAP that allows organizations to track costs associated with specific areas of responsibility.
  Fund Management (FM): This module is used in public sector organizations to manage budgets and funds effectively.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KS01 (Create Cost Center), KS02 (Change Cost Center), and FMX1 (Create Fund) to manage cost centers and funds.
  
  By following these steps, you should be able to resolve the error message and successfully post your transaction.