diff --git a/erpnext/accounts/doctype/budget/budget.py b/erpnext/accounts/doctype/budget/budget.py
index 2f3b9a4784e..42b6b44690b 100644
--- a/erpnext/accounts/doctype/budget/budget.py
+++ b/erpnext/accounts/doctype/budget/budget.py
@@ -118,6 +118,11 @@ def validate_expense_against_budget(args, expense_amount=0):
 			"Company", args.get("company"), "exception_budget_approver_role"
 		)
 
+	if not frappe.get_cached_value(
+		"Budget", {"fiscal_year": args.fiscal_year, "company": args.company}
+	):  # nosec
+		return
+
 	if not args.account:
 		args.account = args.get("expense_account")