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

[Former Member]

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.

[former_member184992 · Accepted solution]

Hi Prasad,

Please, check your customizing in transaction OF39. You should have an entry for value type 51.

This is the reason for the error message FMCF503.

BUT you should not activate PBET without knowing the consequences of it. For more details on this, please also refer to the program documentation and SAP HELP chapter Public Sector Management -> Funds Management -> Recording

Actual and Commitment Data -> Period-Based Encumbrance Tracking.

You need to be sure that you want to activate multi-year budget based on the business requirements of your company.

I suggest you to review the need of this customizing and not try to correct the error message.

PBET activation its an important decision in any company.

Best Regards,

Vanessa.

[Former Member]

Hi,did you set in of39 for value type 51(for you update profile) Period based? And Commitment update=Posting date?