How To Fix BP629 - Item & payment budget exceeded

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 629

• Message text: Item & payment budget exceeded

What causes this issue?

In document item &V1&, payment budget &V3& for fiscal year &V2& was
exceeded by &V4&.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message BP629 - Item & payment budget exceeded ?

  The SAP error message BP629 ("Item & payment budget exceeded") typically occurs when a budget limit set for a particular item or payment has been exceeded. This error is common in budget management scenarios within SAP, particularly in modules like SAP Controlling (CO) or SAP Funds Management (FM).
  
  Cause:
  
  Budget Limit Exceeded: The most common cause is that the total amount of the item or payment being processed exceeds the budget allocated for that specific cost center, internal order, or project.
  Incorrect Budget Settings: The budget may not have been properly set up or may have been reduced after the initial allocation.
  Multiple Transactions: If multiple transactions are being processed against the same budget, the cumulative total may exceed the available budget.
  Posting Period: The posting period may be closed, or the budget may not be available for the current period.
  
  Configuration Issues: There may be configuration issues in the budget control settings that need to