3413883 - Project budget control on account level

You have activated project budget control. It's not clear how to control project budget on account level.

SAP S/4HANA Cloud Public Edition

It's explained in the help document, that the validation account group is defined according to Semantic Tag configuration.
However, until now (CE2308) you can only define one valid Semantic Tag. Multiple Semantic Tags is not supported.
If you want to exclude certain accounts from the validation, you can consider to remove the accounts from the Semantic Tag (current default one: ACT_COST).

If you upload project budget with app Import Financial Plan Data, you may see the account field is mandatory.
It's somehow misleading since you may assume the budget can be defined at account level.
Unfortunately, that's not the case. The account field is mandatory just because the backend table restriction. The defined account has nothing to do with account level project budget control. You can define any account there in the setting. Actually, the budget control is on project level only.

project budget, AVC, availability, account, cost element, restriction, account group, semantic tag, G/L account, GL account. , KBA , CO-OM-CCA-AVC-2CL , Cost Center Budget Availability Control (Public Cloud) , Problem

SAP S/4HANA Cloud Public Edition all versions ; SAP S/4HANA Cloud all versions