Could not retrieve budget doc.header values for ABP (FM area &1, year &2)

What causes this issue?

During Automatic Budget Postings (ABP), parameters for the creation of
a budget entry document could not be retrieved for FM Area &V1& and
Fiscal Year &V2&.

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?

Verify that budget entry document header defaults have been populated
for FM Area &V1& and Fiscal Year &V2& in the configuration of Automatic
Budget Postings After Fiscal Year Change.
<DS:SIMG._ISPSFM_BREC>Set Up Automatic Budget Postings After Fiscal Year
Change.</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.