How To Fix PSM_S4C_FM_MD034 - Validity cannot start on &2; this budget period has postings from &1 on.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 034

• Message text: Validity cannot start on &2; this budget period has postings from &1 on.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD034 - Validity cannot start on &2; this budget period has postings from &1 on. ?

  The SAP error message PSM_S4C_FM_MD034 indicates that there is an issue with the validity period of a budget in the Public Sector Management (PSM) module. Specifically, the error states that the validity cannot start on a certain date because there are postings in the budget period from an earlier date.
  Cause:
  This error typically occurs when:
  
  You are trying to create or modify a budget validity period that overlaps with an existing budget period that has already had postings made to it.
  The start date of the new validity period is set to a date that is later than the end date of the previous budget period that has postings.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Existing Postings: Review the budget periods and postings to identify where the conflict is occurring. You can do this by checking the budget documents and the associated postings in the system.
  
  
  Adjust Validity Period: If you need to create a new budget validity period, ensure that the start date is set to a date that is either:
  
  After the last posting date of the previous budget period.
  Or, adjust the end date of the previous budget period if possible, to allow for the new validity period to start.
  
  
  
  Postings Review: If the postings are not necessary, consider reversing or deleting them if they are incorrect or if they can be adjusted.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's SAP support team for specific guidelines on managing budget periods and postings.
  
  
  Transaction Codes: Use relevant transaction codes such as:
  
  FMBB (Budgeting: Change Budget) to modify budget entries.
  FMAVCR01 (Display Actual/Commitment) to view actual and commitment postings.
  
  
  
  Related Information:
  
  Budget Management: Understanding how budget management works in SAP PSM is crucial. Familiarize yourself with the concepts of budget periods, validity periods, and how postings affect these.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address specific issues.
  Training: Consider training sessions or resources on SAP PSM to better understand budget management and error resolution.
  
  By following these steps, you should be able to resolve the error and manage your budget periods effectively in SAP.