How To Fix H1062 - The budget of BS element &1 &2 cannot provide any financing

H1062 - Overview

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 062

• Message text: The budget of BS element &1 &2 cannot provide any financing

What causes this issue?

The budget of budget structure element <zh>&v1& &v2&</> cannot provide
any more financing for the period specified.

System Response

The budget of budget structure element v1& &v2& cannot be used for
financing.

How to fix this error?

Select another budget structure element, or supplement the budget of
budget structure element &v1& &v2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1062 - The budget of BS element &1 &2 cannot provide any financing ?

  The SAP error message H1062 indicates that there is an issue with the budget for a specific budget structure (BS) element. The message states that the budget for the specified budget structure element cannot provide any financing, which typically means that the budget has been exhausted or is not sufficient to cover the requested transaction.
  
  Cause:
  
  Exhausted Budget: The budget for the specified budget element has already been fully utilized.
  Incorrect Budgeting: The budget may not have been set up correctly, or the budget period may not align with the transaction date.
  Budget Availability Control: The settings for budget availability control may not allow for the transaction to be processed.
  Incorrect Assignment: The budget element may not be correctly assigned to the relevant cost center, internal order, or project.
  Transaction Type: The type of transaction being processed may not be allowed under the current budget settings.
  
  
  Solution:
  
  Check Budget Availability: Review the budget for the specified budget element