How To Fix FMAVC053 - Annual budget almost exhausted for &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FMAVC - Message class AVC funds management

• Message number: 053

• 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 incoming amounts (
<DS:DE.BUAVC_CEILTYPE>ceiling type</> <ZK>Revenues</>) 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& = '053'
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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMAVC053 - Annual budget almost exhausted for &1 ?

  The SAP error message FMAVC053 ("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 account (represented by &1) is nearing its limit, which can prevent further postings or commitments against that budget.
  Cause:
  
  Budget Limit Reached: The primary cause of this error is that the budget for the specified account is close to being fully utilized. This can happen due to high spending or insufficient budget allocation.
  Configuration Settings: The system may be configured to trigger warnings or errors when a certain percentage of the budget is consumed.
  Incorrect Budgeting: There may be issues with how the budget was set up, such as incorrect amounts or periods.
  
  Solution:
  
  Review Budget Consumption: Check the budget consumption for the account in question. You can do this through the FM reports or transaction codes like FMAVCR01 (Budget Consumption Report).
  Adjust Budget: If the budget is indeed close to being exhausted, consider increasing the budget allocation for that account. This can be done through the budget adjustment process in SAP.
  Reassess Spending: Evaluate the spending patterns and see if there are areas where costs can be reduced or managed better.
  Configuration Check: Review the configuration settings in the Funds Management module to ensure that the thresholds for warnings and errors are set appropriately for your organization’s needs.
  Consult with Finance Team: If you are unsure about how to proceed, consult with your finance or budgeting team for guidance on how to handle the situation.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FMAVCR01: Budget Consumption Report
  FMBB: Budgeting (to adjust budgets)
  FMF1: Create/Change Funds Management Budget
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to view and modify budget information in SAP.
  Training: If you are new to SAP Funds Management, consider training or resources to better understand budget management processes.
  
  By following these steps, you should be able to address the FMAVC053 error and manage your budget effectively within SAP.