How To Fix BQ078 - Annual budget & less than annual release

BQ078 - Overview

• Message type: E = Error

• Message class: BQ - Messages for Budgeting and Planning

• Message number: 078

• Message text: Annual budget & less than annual release

What causes this issue?

The annual budget &V1& for one or more WBS elements is less than the
funds released for the year.

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.

BQ078 - Details

• The SAP error message BQ078, which states "Annual budget & less than annual release," typically occurs in the context of budget management within SAP's Controlling (CO) module or the 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 expenditure. Specifically, it suggests that the total amount released for a given period exceeds the annual budget allocated for that period.
  
  Cause:
  
  Budget Exceedance: The most common cause of this error is that the total amount released for a specific budget item exceeds the annual budget limit set for that item.
  Incorrect Budget Settings: There may be incorrect settings in the budget configuration, such as the budget period or the budget type.
  Posting Errors: There could be errors in the postings that have been made against the budget, leading to an incorrect calculation of the remaining budget.
  Release Process Issues: The