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

SAP Error Message - Details

• 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 Management > Budget Control System > Budget Structure > Release Budget Structure.
  Select the budget structure in question and release it for the relevant fiscal year.
  
  
  
  Check Configuration:
  
  Ensure that the budget structure is correctly configured and that all necessary settings are in place.
  Verify that the budget structure is assigned to the correct fiscal year variant.
  
  
  
  Authorization Check:
  
  Ensure that you have the necessary authorizations to access and modify the budget structure. If not, contact your SAP security administrator.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to budget management for any additional steps or considerations.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as S_ALR_87013558 (Budget Overview) or FMBB (Budgeting) to monitor and manage budgets effectively.
  SAP Notes: Check SAP Notes for any known issues or patches related to budget structures and error message 3F704.
  Training and Support: If you are unfamiliar with budget management in SAP, consider seeking training or consulting with an SAP expert.
  
  By following these steps, you should be able to resolve the error message 3F704 and successfully work with the budget structure in SAP.