How To Fix HR_FM_BUDGET_PD008 - No new budget period found for fund &1 on key date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: HR_FM_BUDGET_PD - HR: Text for Funds Management Budget Period Integration

• Message number: 008

• Message text: No new budget period found for fund &1 on key date &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message HR_FM_BUDGET_PD008 - No new budget period found for fund &1 on key date &2 ?

  The SAP error message HR_FM_BUDGET_PD008 indicates that the system could not find a new budget period for a specified fund on a given key date. This error typically arises in the context of budget management within the SAP system, particularly when dealing with funds management (FM) in Human Resources (HR) modules.
  Cause:
  
  Missing Budget Period: The most common cause is that there is no budget period defined for the specified fund for the key date in question. This can happen if the budget periods have not been set up correctly in the system.
  Incorrect Key Date: The key date provided may not fall within the defined budget periods for the fund.
  Configuration Issues: There may be issues with the configuration of the funds management settings in the SAP system.
  Data Entry Errors: There could be errors in the data entry for the fund or the key date.
  
  Solution:
  
  
  Check Budget Periods:
  
  Navigate to the Funds Management configuration in SAP.
  Verify that the budget periods are correctly defined for the fund in question.
  Ensure that the key date falls within an active budget period.
  
  
  
  Define New Budget Period:
  
  If no budget period exists, you may need to create a new budget period for the fund.
  This can typically be done in the configuration settings under Funds Management.
  
  
  
  Review Key Date:
  
  Ensure that the key date you are using is correct and corresponds to a date for which a budget period is defined.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific steps on how to manage budget periods in your version of SAP.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and modify budget periods.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMBB (Budgeting) or FMAVC (Budget Control) to manage budget periods.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may resolve the issue.
  Training and Documentation: Consider training sessions or documentation on Funds Management in SAP to better understand how budget periods are managed.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.