How To Fix FMAVC516 - Selection of budget types not possible

FMAVC516 - Overview

• Message type: E = Error

• Message class: FMAVC - Message class AVC funds management

• Message number: 516

• Message text: Selection of budget types not possible

<LS>&CAUSE&</>
You are trying to select budget types for the filter settings. However,
you have set the indicator <DS:DE.FMAVC_USE_GENERAL_CUST_BUDTYPE>Use
general Customizing for budget type selection</>. In this case you
cannot select budget types here.

System Response

The processing of the selected dialog structure was terminated.

How to fix this error?

You have to define the budget types that you want to use for consumable
budget in the general Customizing settings of BCS budgeting under
<LS>Budget Types -> Define Budget Type as Consumable Budget</>.
If you want to define the settings of budget types in this IMG
activity, you have to leave the indicator <LS>Use general Customizing
for budget type selection</> blank.

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.

FMAVC516 - Details

• The SAP error message FMAVC516 ("Selection of budget types not possible") typically occurs in the context of budget control in the SAP system, particularly when working with the Funds Management (FM) module. This error indicates that there is an issue with the selection of budget types for a particular transaction or operation.
  Causes:
  
  Incorrect Configuration: The budget types may not be properly configured in the system. This could include missing or incorrect settings in the budget type definitions.
  Budget Type Not Allowed: The budget type you are trying to use may not be allowed for the specific transaction or may not be valid for the selected commitment item.
  Authorization Issues: The user may not have the necessary authorizations to access or use the specified budget type.
  Transaction Type Restrictions: Certain transaction types may have restrictions on which budget types can be used.
  Missing Budget Data: The budget data for the selected budget type may not be