How To Fix PSM_S4C_POSTINGS065 - Cost center &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: 065

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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_POSTINGS065 - Cost center &2: Account &1 maintained as a budget account does not exist. ?

  The SAP error message PSM_S4C_POSTINGS065 indicates that there is an issue with a cost center and an account that is supposed to be maintained as a budget account. Specifically, the error states that the account specified does not exist for the cost center in question. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Account Not Defined: The account specified in the error message is not defined in the system for the specified cost center.
  Incorrect Configuration: The cost center may not be properly configured to use the specified account as a budget account.
  Master Data Issues: There may be issues with the master data for either the cost center or the account, such as missing or incorrect entries.
  Budgeting Settings: The budgeting settings for the cost center may not include the specified account.
  
  Solution:
  
  
  Check Account Existence:
  
  Go to the account master data in SAP and verify that the account specified in the error message exists.
  Use transaction code FS00 to check the account details.
  
  
  
  Verify Cost Center Configuration:
  
  Check the configuration of the cost center to ensure that it is set up to use the specified account as a budget account.
  Use transaction code KS01 to view the cost center details.
  
  
  
  Maintain Budget Account:
  
  If the account does not exist for the cost center, you may need to create it or assign the correct account.
  Use transaction code KP06 to maintain budget data for the cost center and ensure the account is included.
  
  
  
  Review Budgeting Settings:
  
  Ensure that the budgeting settings for the cost center allow for the specified account to be used.
  Check the budget profile assigned to the cost center.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct account to use or how to configure the cost center, consult with your finance or controlling team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Create/Change G/L Account Master Data
  KS01: Create Cost Center
  KP06: Change Plan Data for Cost Centers
  
  
  Documentation: Refer to SAP Help documentation for detailed information on budgeting and cost center configuration.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to resolve the error and ensure that the cost center and account are properly configured for budgeting purposes.