How To Fix PSM_S4C_FM_MD064 - Validity cannot start on &2; this functional area has postings from &1 on

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 064

• Message text: Validity cannot start on &2; this functional area has postings from &1 on

Self-Explanatory Message

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• What is the cause and solution for SAP error message PSM_S4C_FM_MD064 - Validity cannot start on &2; this functional area has postings from &1 on ?

  The SAP error message PSM_S4C_FM_MD064 indicates that there is an issue with the validity period of a functional area in the context of Funds Management (FM) in SAP. Specifically, the error states that the validity period cannot start on a certain date because there are already postings in that functional area from an earlier date.
  Cause:
  This error typically occurs when you attempt to create or modify a budget or a commitment in a functional area that has already had postings made to it. The system enforces rules to ensure that the validity periods of budgetary controls do not overlap with existing postings, which helps maintain the integrity of financial data.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Existing Postings: Review the postings made in the functional area for the date indicated in the error message. You can use transaction codes like FMBB (for budget management) or FMAVCR01 (for budget availability control) to check the postings.
  
  
  Adjust Validity Period: If you need to create a new budget or modify an existing one, ensure that the validity period starts after the last posting date in that functional area. You may need to adjust the start date of the new budget or commitment accordingly.
  
  
  Postings Review: If the existing postings are not needed, you may consider reversing or deleting them, but be cautious as this can affect financial reporting and compliance.
  
  
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidelines on managing functional areas and validity periods in Funds Management.
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that can help you manage budgets and postings, such as:
  
  FMBB: Budgeting
  FMAVCR01: Availability Control
  FMBL: Display Budget
  
  
  
  Related Information:
  
  Functional Area: In SAP, a functional area is a part of the organizational structure that is used for budgeting and reporting purposes. It is essential to manage these areas carefully to avoid conflicts in financial data.
  Funds Management (FM): This module in SAP is used for planning, monitoring, and controlling budgets and funds within an organization.
  Validity Period: This refers to the time frame during which a budget or commitment is valid. It is crucial to ensure that this period aligns with the organization's financial activities.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult SAP Notes for any specific patches or updates related to this error message.