How To Fix PSM_S4C_POSTINGS601 - Fund &1 not classified as external fund. Use external funds.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_POSTINGS -

• Message number: 601

• Message text: Fund &1 not classified as external fund. Use external funds.

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_POSTINGS601 - Fund &1 not classified as external fund. Use external funds. ?

  The SAP error message PSM_S4C_POSTINGS601 indicates that a fund (in this case, identified by &1) is not classified as an external fund, which is necessary for the transaction you are trying to perform. This error typically arises in the context of Public Sector Management (PSM) when dealing with fund accounting.
  Cause:
  The error occurs because the system expects the fund to be classified as an external fund, but it is not. This can happen due to several reasons:
  
  Fund Configuration: The fund may not be set up correctly in the system. It might be missing the necessary classification as an external fund.
  Master Data Issues: The fund master data may not have been maintained properly, leading to the classification issue.
  Transaction Type: The transaction you are trying to execute may specifically require the use of external funds, and the fund in question does not meet this requirement.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Fund Configuration:
  
  Go to the fund master data in SAP and verify the classification of the fund. Ensure that it is marked as an external fund.
  You can do this by navigating to the relevant transaction (e.g., FMX1 for creating funds, FMX2 for changing funds, or FMX3 for displaying funds) and checking the fund's attributes.
  
  
  
  Update Fund Master Data:
  
  If the fund is not classified as an external fund, you will need to update the fund master data to include this classification. This may require appropriate authorizations.
  
  
  
  Review Transaction Requirements:
  
  Ensure that the transaction you are trying to execute is indeed intended for external funds. If it is not, you may need to use a different fund that is classified correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidelines on fund classifications and the requirements for external funds.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for fund management, such as FMX1, FMX2, FMX3, and FMBT (for budget transactions).
  Authorization: Ensure that you have the necessary authorizations to make changes to fund master data.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Training: If you are new to SAP PSM, consider training or resources that cover fund management and external fund classifications.
  
  By following these steps, you should be able to resolve the error and proceed with your transaction.