How To Fix BQ048 - Annual budget & less than annual release

BQ048 - Overview

• Message type: E = Error

• Message class: BQ - Messages for Budgeting and Planning

• Message number: 048

• Message text: Annual budget & less than annual release

What causes this issue?

The annual budget &V1& in one or more commitment items is less than the
annual funds release.

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.

BQ048 - Details

• The SAP error message BQ048, which states "Annual budget & less than annual release," typically occurs in the context of budget management within SAP's Controlling (CO) module or Public Sector Management (PSM) module. This error indicates that there is a mismatch between the annual budget and the amount that has been released for spending. Specifically, it suggests that the amount released for a particular period is less than the annual budget allocated.
  
  Cause:
  
  Budget Configuration: The budget may not be properly configured in the system, leading to discrepancies between the annual budget and the release amounts.
  Release Amounts: The amount released for a specific period (e.g., monthly or quarterly) is less than what is available in the annual budget.
  Budget Control Settings: The budget control settings may be set to prevent any spending that exceeds the released budget.
  Posting Errors: There may be errors in the postings that affect the budget, such as incorrect amounts