How To Fix 3F704 - Budget structure selected has not been released yet

3F704 - Overview

• Message type: E = Error

• Message class: 3F - Compensation Management

• Message number: 704

• Message text: Budget structure selected has not been released yet

What causes this issue?

The validity of a budget structure can only be extended into a new
budget period if it has already been released. The budget structure
that you have selected has, however, a different status and has not yet
been released.

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?

Release the budget structure whose validity you want to extend. You can
only release consistent budget structures.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 3F704 - Budget structure selected has not been released yet ?

  The SAP error message 3F704 indicates that the budget structure you are trying to use has not been released yet. This typically occurs in the context of budget management within SAP, particularly in modules like SAP Controlling (CO) or SAP Public Sector Management (PSM).
  
  Cause:
  
  Budget Structure Not Released: The budget structure you are attempting to use has not been released for the current fiscal year or period. This means that the system does not recognize it as valid for processing transactions.
  
  Configuration Issues: There may be issues in the configuration settings related to budget management, such as missing authorizations or incorrect settings in the budget structure.
  Incorrect Fiscal Year Variant: The fiscal year variant assigned to the budget structure may not match the fiscal year you are currently working in.
  
  
  Solution:
  
  
  Release the Budget Structure:
  
  Navigate to the relevant configuration settings in SAP.
  Go to the transaction code SPRO (SAP Project Reference Object).
  Follow the path: Public Sector