How To Fix BQ007 - Overall budget less than cumulative budget

BQ007 - Overview

• Message type: E = Error

• Message class: BQ - Messages for Budgeting and Planning

• Message number: 007

• Message text: Overall budget less than cumulative budget

What causes this issue?

The total budget for one or more WBS elements is less than the
cumulative budget.
The cumulative budget is derived from the total for the annual budgets.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

BQ007 - Details

• The SAP error message BQ007 ("Overall budget less than cumulative budget") typically occurs in the context of budget management within SAP, particularly in the Public Sector or Controlling (CO) modules. This error indicates that the overall budget allocated for a particular cost center, internal order, or project is less than the cumulative expenditures that have already been recorded against that budget.
  
  Cause:
  
  Budget Exceeded: The cumulative expenses (actuals) have surpassed the total budget allocated for the period or project.
  Incorrect Budgeting: The budget may not have been set correctly, or it may not have been updated to reflect changes in project scope or costs.
  Posting Errors: There may be errors in the postings that have led to an incorrect cumulative budget being calculated.
  Time Period Issues: The budget may be set for a specific time period, and the postings may be occurring outside of that period.
  
  
  Solution:
  
  Review Budget Allocation: Check the budget settings for the relevant