How To Fix FMAVC055 - Annual budget exceeded by &2 for document item &1

FMAVC055 - Overview

• Message type: E = Error

• Message class: FMAVC - Message class AVC funds management

• Message number: 055

• Message text: Annual budget exceeded by &2 for document item &1

What causes this issue?

The annual budget is exceeded by &V2& for the document item &V1&. 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& = '055'
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.

FMAVC055 - Details

• The SAP error message FMAVC055 indicates that the annual budget has been exceeded for a specific document item. This message is part of the Funds Management (FM) module in SAP, which is used to manage budgets and ensure that expenditures do not exceed allocated funds.
  
  Cause:
  The error occurs when an attempt is made to post a transaction that would cause the total expenditures for a specific budget year to exceed the approved budget amount. The message provides two key pieces of information:
  
  &1: This represents the document item that is causing the issue.
  &2: This indicates the amount by which the budget has been exceeded.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review the Budget: Check the budget allocation for the relevant cost center, internal order, or project. Ensure that the budget is sufficient to cover the planned expenditures.
  
  
  Adjust the Budget: If the budget is indeed insufficient, you may need to increase