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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKKFMCHK063 - Clearing is not possible: posting date is before start of budget year ?

  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. Ensure that it falls within the allowed range of the budget year.
  
  
  Adjust Posting Date: If the posting date is incorrect, you may need to adjust it to a date that is on or after the start of the budget year.
  
  
  Review Budget Year Settings:
  
  Go to the Funds Management configuration in SAP and check the settings for the budget year.
  Ensure that the start date of the budget year is correctly defined and that it aligns with your financial planning.
  
  
  
  Consult with Finance Team: If you are unsure about the correct posting date or budget year settings, consult with your finance or accounting team to ensure compliance with financial policies.
  
  
  Transaction Type: Ensure that the transaction type you are using allows for postings in the specified budget year. Some transaction types may have restrictions based on the budget year.
  
  
  SAP Notes and Documentation: Check for any relevant SAP Notes or documentation that may provide additional insights or updates related to this error message.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to Funds Management and financial postings, such as:
  
  FMBB: Budgeting
  FBL1N: Vendor Line Item Display
  FB03: Display Document
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to perform the clearing operation and that your user role is configured correctly in SAP.
  Training and Support: If you frequently encounter this error, consider seeking additional training on SAP Funds Management or consulting with SAP support for more tailored assistance.
  
  By following these steps, you should be able to resolve the error and successfully perform the clearing operation.