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

FMKU088 - Overview

• 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.

FMKU088 - Details

• 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