How To Fix FKKORDER264 - Earmarked funds can only be created for the current fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKORDER - Messages for Request

• Message number: 264

• Message text: Earmarked funds can only be created for the current fiscal year

What causes this issue?

When earmarked funds are created from a standing request, all earmarked
funds have to be in the same year as the year in which the postings are
made. For example: You created a standing request in the year 2015, and
the standing request is valid a number of years into the future. In that
case, you cannot change the standing request in the year 2016, if items
are still due in the year 2015. The reason is that new earmarked funds
would be created for the year 2016, although postings are still to be
made in 2015.

System Response

Posting of the standing request is terminated.

How to fix this error?

Make sure that postings are made to the year in which the earmarked
funds exist. If possible, first create all documents for the prior year,
before you create earmarked funds for the new year. Or change the due
dates of the standing request.

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 FKKORDER264 - Earmarked funds can only be created for the current fiscal year ?

  The SAP error message FKKORDER264 indicates that an attempt was made to create earmarked funds (or commitments) for a fiscal year that is not the current fiscal year. This is a common issue in SAP systems, particularly in the context of financial accounting and controlling.
  Cause:
  The error occurs when:
  
  You are trying to create earmarked funds for a fiscal year that has already closed or is not the current fiscal year.
  The system settings or configuration restrict the creation of earmarked funds to only the current fiscal year.
  
  Solution:
  To resolve this error, you can consider the following steps:
  
  
  Check the Fiscal Year Settings:
  
  Ensure that you are working within the correct fiscal year. You can check the current fiscal year in the system settings or by consulting with your finance team.
  
  
  
  Adjust the Document Date:
  
  If you are trying to create a document with a date that falls in a closed fiscal year, change the document date to the current fiscal year.
  
  
  
  Review Configuration Settings:
  
  If you have the necessary permissions, review the configuration settings related to earmarked funds in the SAP system. This may involve checking the settings in the Financial Accounting (FI) or Controlling (CO) modules.
  
  
  
  Consult with Your SAP Administrator:
  
  If you are unable to resolve the issue, consult with your SAP administrator or support team. They may need to adjust the configuration or provide additional insights based on your organization's specific setup.
  
  
  
  Use Transaction Codes:
  
  You can use transaction codes like OB52 to check and adjust the posting periods for the fiscal year if necessary.
  
  
  
  Related Information:
  
  Earmarked Funds: These are funds that are set aside for specific purposes and are often used in budgeting and financial planning.
  Fiscal Year Configuration: The fiscal year in SAP is defined in the system settings and can vary based on the organization's financial calendar.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  
  By following these steps, you should be able to address the FKKORDER264 error and successfully create earmarked funds for the current fiscal year.