How To Fix PSM_S4C_POSTINGS064 - Cost center &2 requires a budget account for G/L account &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 064

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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS064 - Cost center &2 requires a budget account for G/L account &1. ?

  The SAP error message PSM_S4C_POSTINGS064 indicates that a cost center requires a budget account for a specific General Ledger (G/L) account. This error typically occurs in the context of budget management within SAP, particularly when trying to post a transaction that involves a cost center that does not have an associated budget account for the specified G/L account.
  Cause:
  
  Missing Budget Account: The cost center specified in the error message does not have a budget account assigned for the G/L account mentioned.
  Configuration Issues: There may be configuration issues in the budget management settings, such as missing or incorrect settings in the budget structure.
  Incorrect G/L Account: The G/L account being used may not be set up correctly for budgetary control or may not be linked to the cost center in question.
  
  Solution:
  
  
  Assign a Budget Account:
  
  Go to the configuration settings for budget management in SAP.
  Navigate to the relevant cost center and ensure that a budget account is assigned for the G/L account in question.
  You can do this through transaction codes like OKB9 (for cost center budgeting) or KP06 (for planning).
  
  
  
  Check G/L Account Settings:
  
  Verify that the G/L account is set up for budgetary control. This can be done in the G/L account master data.
  Ensure that the account is marked for budget management and is linked to the appropriate cost center.
  
  
  
  Review Budget Structure:
  
  Check the budget structure to ensure that it is correctly configured to include the necessary cost centers and G/L accounts.
  Make sure that the budget version being used is active and correctly set up.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on budget account assignments and configuration.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OKB9, KP06, S_ALR_87013558 (for budget reports), and FBL3N (for G/L account line items).
  SAP Notes: Check for any SAP Notes related to budget management and error messages for additional troubleshooting steps or patches.
  User Roles: Ensure that the user has the necessary authorizations to make changes to budget accounts and cost center settings.
  
  By following these steps, you should be able to resolve the error message and ensure that the cost center has the appropriate budget account for the specified G/L account.