How To Fix FMFG052 - &3- Agency FBT &1 does not equal Treasury's record of FBT for Agency &2

FMFG052 - Overview

• Message type: E = Error

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

• Message number: 052

• Message text: &3- Agency FBT &1 does not equal Treasury's record of FBT for Agency &2

What causes this issue?

Treasury Account Symbol Failed Edit 7 - Treasury Fund Balance
Edit 7 verifies that the MAF preclosing balance is the same as the sum
of the SGL accounts 1010 (Fund Balance with Treasury - FBT), 4350
(Canceled Authority), and 4391 (Adjustments to Indefinite No-Year
Authority).
This edit parallels Edit 7 as performed by Treasury when FACTS II data
for fourth quarter reporting is being processed.

System Response

Error message issued

How to fix this error?

Review message to determine its cause and handle as follows:
Footnote required
Create a footnote using the Maintain Footnotes program
Posting in system was incorrect
Post correcting transaction. Rerun Extract and Edit programs.
Attribute derivation for FACTS II was incorrectly defined
Change derivation rules, then rerun derivations, extract, and edit
programs.
Errors because of missing MAF file data
Either upload correct MAF file, maintain existing MAF file, or ignore.

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 FMFG052 - &3- Agency FBT &1 does not equal Treasury's record of FBT for Agency &2 ?

  The SAP error message FMFG052 indicates a discrepancy between the Federal Budgetary Transactions (FBT) recorded in your agency's financial system and the records maintained by the Treasury for that agency. This error typically arises in the context of federal financial management, where accurate reporting and reconciliation of budgetary transactions are critical.
  
  Cause:
  
  Data Entry Errors: There may be mistakes in the data entered into the system, leading to inconsistencies between your agency's records and the Treasury's records.
  Timing Differences: Transactions may not have been recorded in both systems at the same time, leading to temporary discrepancies.
  Reconciliation Issues: There may be issues with the reconciliation process between your agency's financial records and the Treasury's records.
  System Integration Problems: If there are issues with the integration between different financial systems, it could lead to discrepancies in reported figures.
  Updates or Changes: Recent updates or changes in accounting policies or procedures may not have been reflected in both