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Former Member
Nov 18, 2011 at 06:47 AM

Error during testing of Funds Management. Error- Message no. FMCF503..

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Hi Gurus,

I am configuring Funds Mgt for the first time and have encountered some problem. I am trying to create a PO and facing the following error after entering the required Fund Area & Fund Center:

Budget for all Years using fiscal year-based encumbrance tracking of value type Purchase Orders

Message no. FMCF503

Diagnosis

You have activated multi-year budget for your FM area. This system setting requires the use of period-based encumbrance tracking.

The documents of value type Purchase Orders in your FM area have not been updated on a period basis up until now.

Procedure

Activate period-based encumbrance tracking for the update profile assigned to your FM area or for the value type Budget for all Years.

Procedure for System Administration

Define Setting

As per the error I have done the setting to Period based tracing but still it is providing the error.

Kindly assist.

Thanks in advance.

Regards,

Prasad A. Wathare.