How To Fix PFM_1024 - The total of future commitments is superior to the contract total value

PFM_1024 - Overview

• Message type: E = Error

• Message class: PFM_1 - Message class for POCLIS

• Message number: 024

• Message text: The total of future commitments is superior to the contract total value

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PFM_1024 - The total of future commitments is superior to the contract total value ?

  The SAP error message PFM_1024, which states "The total of future commitments is superior to the contract total value," typically occurs in the context of contract management and financial planning within SAP. This error indicates that the total amount of future commitments (such as purchase orders, reservations, or other financial obligations) exceeds the total value of the contract itself. 
  
  Cause:
  
  Exceeding Contract Value: The most common cause is that the sum of all future commitments (e.g., purchase orders or other financial obligations) linked to a contract has surpassed the total value defined in that contract.
  Incorrect Data Entry: There may be incorrect data entries in the contract or the commitments, leading to discrepancies.
  Contract Modifications: If the contract value was modified (increased or decreased) but the commitments were not adjusted accordingly, this can lead to this error.
  Multiple Commitments: If multiple commitments are created against a single contract, it can easily lead to exceeding