How To Fix FMBS162 - Budget address definition is not specified in hierarchy ID &1

FMBS162 - Overview

• Message type: E = Error

• Message class: FMBS - Budget structure

• Message number: 162

• Message text: Budget address definition is not specified in hierarchy ID &1

What causes this issue?

The budget address definition rule must be maintained in the hierarchy
ID. You have not specified such a rule in hierarchy ID &v1& of the FM
area/fiscal year/budget structure/budget category &v2&.

System Response

Processing stops.

How to fix this error?

Specify a budget address definition rule in hierarchy ID &v1& of the FM
area/fiscal year/budget structure/budget category &v2& by running
transaction <DS:TRAN.FMHIE_HIEID>FMHIE_HIEID</>.

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.

FMBS162 - Details

• The SAP error message FMBS162, which states "Budget address definition is not specified in hierarchy ID &1," typically occurs in the context of budget management within the SAP system, particularly when working with Funds Management (FM) or Controlling (CO) modules. This error indicates that the system is unable to find a valid budget address definition for the specified hierarchy ID.
  
  Cause:
  
  Missing Budget Address Definition: The hierarchy ID specified in the error message does not have a corresponding budget address definition in the system.
  Incorrect Configuration: The configuration for the budget address or the hierarchy might not be set up correctly.
  Hierarchy ID Not Active: The hierarchy ID may not be active or properly defined in the system.
  Authorization Issues: There may be authorization issues preventing access to the budget address definition.
  
  
  Solution:
  
  
  Check Hierarchy Configuration:
  
  Go to the transaction code FMH1 (for creating or changing budget address definitions) and verify if the budget address definition exists for