How To Fix FMAVC003 - Annual budget almost exhausted for &1

FMAVC003 - Overview

• Message type: E = Error

• Message class: FMAVC - Message class AVC funds management

• Message number: 003

• Message text: Annual budget almost exhausted for &1

What causes this issue?

The current budget consumption is &V2& less than the annual budget for
the FM account assignment &V1&. Depending on the type of document, this
FM account assignment is either a budget address, posting address, or
RIB object/RIB source address representing an RIB rule with call
procedure.
Budget control on outgoing amounts (
<DS:DE.BUAVC_CEILTYPE>ceiling type</> <ZK>Expenditures</>) raised this
message for the following combination of availability control ledger,
fiscal year (and if applicable, <DS:DE.FM_CEFFYEAR_BCS>year of cash
effectivity</>) and control object:
<ZH>&V3&</><ZH>&V4&</>
DEFINE &N& = '003'
INCLUDE FMAVC_ANNUAL_MESSAGE_EXT

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FMAVC003 - Details

• The SAP error message FMAVC003 ("Annual budget almost exhausted for &1") is related to the Funds Management (FM) module in SAP. This message indicates that the annual budget for a specific budgetary item (represented by &1) is nearing its limit, which can prevent further commitments or expenditures from being processed.
  
  Cause:
  
  Budget Limit Reached: The primary cause of this error is that the budget for the fiscal year is close to being fully utilized. This can happen due to high spending or insufficient budget allocation.
  Commitments and Actuals: The system considers both actual expenditures and commitments (e.g., purchase orders) when calculating the remaining budget. If these are close to the budget limit, the error will trigger.
  Budget Control Settings: The settings in the Funds Management module may be configured to issue warnings or prevent further spending when a certain percentage of the budget is consumed.
  
  
  Solution:
  
  Review Budget Consumption: Check the budget consumption for the relevant