How To Fix FI_E070 - Invalid overall budget posting. FM area &1, budget profile &2

FI_E070 - Overview

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 070

• Message text: Invalid overall budget posting. FM area &1, budget profile &2

What causes this issue?

You are using the funds management system integrated with budgetary
ledger (BL) for FM area &V1&. For postings into the budgetary ledger,
the update profile must have the overall flag for the availability
control switched off. However, in this case budget profile &V2&, for
the availability control the overall flag is switched on.

System Response

Since availability control is conducted against the annual budget,
this action is not permitted when using the budgetary ledger.
The budgetary processor cannot post this document.

How to fix this error?

Correct the budget profile &V2& assigned to FM area &V1& or select
another one with availability control against annual budget only. Use
transaction OF12 to correct the budget profile or transaction OF34 to
assign another budget profile to the FM area. You can access these
transactions using the links below.

<DS:TRAN.OF12>Execute set up budget profiles</>
<DS:TRAN.OF34>Execute assign budget profile to FM area</>
ENDIF

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

Error message extract from SAP system. Copyright SAP SE.

FI_E070 - Details

• The SAP error message FI_E070 ("Invalid overall budget posting. FM area &1, budget profile &2") typically occurs in the context of Funds Management (FM) when there is an issue with budget availability or configuration. Here’s a breakdown of the potential causes, solutions, and related information for this error:
  Causes:
  
  Budget Availability: The budget for the specified FM area and budget profile may not be available or may have been exhausted.
  Incorrect Budget Profile: The budget profile assigned to the FM area may not be correctly configured or may not allow for the type of posting being attempted.
  
  Configuration Issues: There may be issues with the configuration of the Funds Management settings, such as budget types, budget categories, or budget limits.
  Posting Date: The posting date may fall outside the budget period defined in the system.
  Authorization Issues: The user may not have the necessary authorizations to post to the budget.
  
  Solutions:
  
  
  Check Budget Availability:
  
  Navigate to the Funds Management