How To Fix TU094 - Budget billing cycle &1 is not defined in parameter record &2

SAP Error Message - Details

• Message type: E = Error

• Message class: TU - Billing/Scheduling/Budget Billing

• Message number: 094

• Message text: Budget billing cycle &1 is not defined in parameter record &2

What causes this issue?

The budget billing cycle you have entered has not been defined in the
allocated parameter record. For this reason, no budget billing dates
can be created for this cycle.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Delete this cycle, or define it in the parameter record.

Error message extract from SAP system. Copyright SAP SE.