How To Fix FMKU088 - Period &1 is not opened for budgeting

SAP Error Message - Details

• Message type: E = Error

• Message class: FMKU - FM budgeting, kernel utilities

• Message number: 088

• Message text: Period &1 is not opened for budgeting

What causes this issue?

Period &V1& is not open for budgeting.

System Response

Processing stops.

How to fix this error?

If you do not want to post budget to this period, reset the
corresponding amount to zero.
If you want to post budget to this period, maintain necessary setting in
<DS:TRAN.FMOPER>Open Budgeting Periods</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMKU088 - Period &1 is not opened for budgeting ?

  The SAP error message FMKU088 ("Period &1 is not opened for budgeting") typically occurs in the context of budget management within the SAP system, particularly when working with Funds Management (FM). This error indicates that the specified period (e.g., a month or a fiscal year) is not open for budget postings, which prevents users from making budget-related transactions for that period.
  Cause:
  
  Period Not Opened: The most common cause is that the fiscal period in question has not been opened for budgeting. This can happen if the period is closed in the configuration settings.
  Incorrect Configuration: The settings in the Funds Management module may not be correctly configured to allow budget postings for the specified period.
  User Authorization: The user may not have the necessary authorizations to post budgets for that period.
  Posting Date: The posting date of the transaction may fall outside the open periods defined in the system.
  
  Solution:
  
  
  Open the Period:
  
  Navigate to the transaction code FMAVCR01 (or FMAVCR02 for changing) to open the required period for budgeting.
  Ensure that the fiscal year and period are correctly set and that the period is marked as open for budget postings.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the Funds Management module to ensure that the periods are set up correctly.
  Use transaction code OB52 to check the posting periods for the relevant company code and ensure that the period is open.
  
  
  
  User Authorization:
  
  Verify that the user has the necessary authorizations to perform budget postings. This may involve checking roles and authorizations assigned to the user.
  
  
  
  Adjust Posting Date:
  
  If the posting date is incorrect, adjust it to fall within an open period.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FMAVCR01: Open/Close Budget Periods
  FMAVCR02: Change Budget Periods
  OB52: Open and Close Posting Periods
  
  
  Documentation: Refer to SAP Help documentation for Funds Management for detailed information on budget management and period control.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  By following these steps, you should be able to resolve the FMKU088 error and successfully post budgets for the desired period.