Budget scenario &1 does not match budget status &2 of document type &3

What causes this issue?

One of the following occurred:
The budget scenario of the splitting rule is "Unreleased/Released"
budget and the budget status of the document type is released.
The budget scenario of the splitting rule is "Released budget" and the
budget status of the document type is unreleased.

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?

The budget scenario of the splitting rule as well as the budget status
of the document type are maintained in customizing. Choose a document
type with a budget status that matches the budget scenario of the
splitting rule

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.