How To Fix FKKFMCHK063 - Clearing is not possible: posting date is before start of budget year

FKKFMCHK063 - Overview

• Message type: E = Error

• Message class: FKKFMCHK - Funds Management Checks/Derivations in FI-CA

• Message number: 063

• Message text: Clearing is not possible: posting date is before start of budget year

What causes this issue?

You are clearing document &V1& with budget year &V2&. The posting date
&V3& that was used for the clearing falls in fiscal year &V4&, which is
before budget year &V2&.
If the integration with Funds Management is active, this posting is not
allowed.

System Response

The clearing cannot be posted.

How to fix this error?

To be able to post the clearing, you have to use a posting date that is
at least in the same year as the budget year.

Procedure for System Administrators

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.

FKKFMCHK063 - Details

• The SAP error message FKKFMCHK063 indicates that a clearing operation cannot be performed because the posting date of the transaction is before the start of the budget year. This typically occurs in the context of financial accounting and budget management within SAP, particularly in modules related to Funds Management (FM).
  
  Cause:
  
  Posting Date Issue: The posting date of the transaction you are trying to clear is set to a date that is earlier than the start date of the budget year. This means that the system is configured to prevent any postings that would affect the budget for that year before it officially begins.
  Budget Year Configuration: The budget year may not be properly configured, or the posting date may not align with the defined budget periods in the system.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Posting Date: Verify the posting date of the transaction you are trying to clear.