How To Fix FMFG_MM01010 - Amount entered greater than open amount

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFG_MM01 - Message id for Multi funding

• Message number: 010

• Message text: Amount entered greater than open amount

What causes this issue?

Available amount for funding is less than the amount entered for funding
in the purchase order funding screen.

System Response

You cannot create the funding item with a funding amount greater than
the available amount.

How to fix this error?

Reduce the funding amount to be less than or equal to the available
amount in the funding item.

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 FMFG_MM01010 - Amount entered greater than open amount ?

  The SAP error message FMFG_MM01010, which states "Amount entered greater than open amount," typically occurs in the context of Funds Management (FM) when there is an attempt to post a transaction that exceeds the available budget or open amount for a specific commitment item or budget line.
  Cause:
  
  Budget Limit Exceeded: The amount you are trying to post exceeds the available budget for the specified commitment item or budget line.
  Incorrect Amount Entry: There may be a mistake in the amount entered, either due to a typographical error or misunderstanding of the available budget.
  Open Amount Miscalculation: The system may not have updated the open amounts correctly due to prior transactions or budget adjustments.
  Incorrect Fund Center or Commitment Item: The transaction may be linked to the wrong fund center or commitment item, leading to discrepancies in available amounts.
  
  Solution:
  
  Check Available Budget: Review the budget for the relevant commitment item or fund center to ensure that there is sufficient open amount available for the transaction you are trying to post.
  Adjust the Amount: If the amount entered is indeed greater than the available budget, adjust the amount to be within the limits of the open amount.
  Review Previous Transactions: Check for any previous postings that may have consumed the budget and ensure that they are correctly recorded.
  Budget Reallocation: If necessary, consider reallocating budget amounts or increasing the budget for the relevant commitment item if it is justified.
  Consult with Finance Team: If you are unsure about the budget status or need to make changes, consult with your finance or budgeting team for guidance.
  Transaction Type: Ensure that the transaction type you are using is appropriate for the budget line you are trying to post against.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FMBB (Budgeting) or FMAVCR01 (Display Budget Availability) to check budget availability.
  Authorization: Ensure that you have the necessary authorizations to view and modify budget information.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional insights or updates related to this error message.
  Training: If you frequently encounter this error, consider training sessions on SAP Funds Management to better understand budget management and posting processes.
  
  By following these steps, you should be able to resolve the FMFG_MM01010 error and successfully post your transaction.