How To Fix FMFG024 - Invalid closing rule for fund status &1 and &2/&3/&4

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFG - U.S. Federal Government Message Class

• Message number: 024

• Message text: Invalid closing rule for fund status &1 and &2/&3/&4

What causes this issue?

The closing rule for fund status &V1& and &V2&&V3&&V4& is invalid.

System Response

The system could not create FI document for the record involving fund
status &V1& and &V2&&V3&&V4&.

How to fix this error?

Verify in Customizing that the rule for closing residual ledger accounts
is correct. Then run this program again.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMFG024 - Invalid closing rule for fund status &1 and &2/&3/&4 ?

  The SAP error message FMFG024 "Invalid closing rule for fund status &1 and &2/&3/&4" typically occurs in the context of Funds Management (FM) when there is an issue with the closing rules defined for a specific fund status. This error can arise during the execution of processes such as budget closing or fund management activities.
  Cause:
  
  Invalid Fund Status: The fund status specified in the error message may not have a valid closing rule assigned to it.
  Configuration Issues: There may be a misconfiguration in the Funds Management settings, particularly in the closing rules for the fund statuses.
  Inconsistent Data: The data related to the fund status may be inconsistent or incomplete, leading to the inability to apply the closing rules.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to perform actions related to the specified fund status.
  
  Solution:
  
  
  Check Fund Status Configuration:
  
  Go to the configuration settings for Funds Management in SAP (transaction code SPRO).
  Navigate to the section for defining fund statuses and their associated closing rules.
  Ensure that the fund status mentioned in the error message has a valid closing rule assigned.
  
  
  
  Review Closing Rules:
  
  Verify the closing rules defined for the fund status. Ensure that they are correctly set up and applicable to the current scenario.
  If necessary, modify or create new closing rules that align with the requirements of the fund status.
  
  
  
  Data Consistency Check:
  
  Perform a consistency check on the data related to the fund status. Ensure that all necessary data is complete and correctly maintained.
  Use transaction codes like FMAVCR01 (for checking budget availability) to identify any inconsistencies.
  
  
  
  Authorization Check:
  
  Ensure that the user executing the transaction has the necessary authorizations to work with the specified fund status.
  If needed, consult with your SAP security team to review and adjust user roles and authorizations.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on the specific fund status and its closing rules.
  
  
  
  Testing:
  
  After making the necessary changes, test the process again to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SPRO: Customizing settings
  FMAVCR01: Budget availability check
  FMF0: Funds Management transactions
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  Community Forums: Engage with SAP community forums or support channels for insights from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify the root cause of the FMFG024 error and implement the necessary solutions to resolve it.