How To Fix BP714 - Item & commitment budget exceeded

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 714

• Message text: Item & commitment budget exceeded

What causes this issue?

In document item &V1&, commitment 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 BP714 - Item & commitment budget exceeded ?

  The SAP error message BP714 ("Item & commitment budget exceeded") typically occurs in the context of budget management within the SAP system, particularly when working with budgetary controls in Public Sector Management (PSM) or similar modules. This error indicates that a budget item has been exceeded, meaning that the total commitments or expenditures for a particular budget item have surpassed the allocated budget.
  
  Cause:
  
  Budget Limit Exceeded: The most common cause is that the total commitments (e.g., purchase orders, contracts) or actual expenditures for a specific budget item have exceeded the budget limit set for that item.
  Incorrect Budget Settings: There may be issues with how the budget is configured, such as incorrect budget amounts or budget periods.
  Posting Errors: There could be errors in the posting of transactions that incorrectly reflect the budget consumption.
  Multiple Commitments: If multiple commitments are made against the same budget item, it can lead to exceeding the budget limit.
  
  
  Solution:
  
  Review