How To Fix FE714 - Financial statement version & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FE - CO-PA module pool messages

• Message number: 714

• Message text: Financial statement version & does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FE714 - Financial statement version & does not exist ?

  The SAP error message FE714 indicates that the financial statement version you are trying to use does not exist in the system. This error typically occurs when you are attempting to generate financial statements or reports, and the specified financial statement version is either not defined or not properly configured in the system.
  Cause:
  
  Non-Existent Version: The financial statement version you are referencing has not been created in the system.
  Incorrect Configuration: The version may exist, but it is not configured correctly or is not assigned to the appropriate company code or chart of accounts.
  Authorization Issues: The user may not have the necessary authorizations to access the financial statement version.
  Data Migration Issues: If data has been migrated from another system, the financial statement version may not have been transferred correctly.
  
  Solution:
  
  
  Check Financial Statement Versions:
  
  Go to the transaction code OB58 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > Financial Statement Version).
  Verify if the financial statement version you are trying to use exists. If it does not, you will need to create it.
  
  
  
  Create or Modify Financial Statement Version:
  
  If the version does not exist, you can create a new financial statement version by clicking on the "New Entries" button in the OB58 transaction.
  If it exists but is not configured correctly, you can modify it to ensure it meets your requirements.
  
  
  
  Assign to Company Code:
  
  Ensure that the financial statement version is assigned to the relevant company code. This can also be done in the OB58 transaction.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the financial statement version. This may require coordination with your SAP security team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for additional guidance on financial statement versions and their configuration.
  
  
  
  Testing:
  
  After making changes, test the financial statement generation again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB58: To manage financial statement versions.
  FS00: To manage G/L accounts, which may be relevant if the financial statement version is linked to specific accounts.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to financial statement versions.
  
  
  User Roles: Ensure that the user roles and profiles are correctly set up to allow access to financial reporting functionalities.
  
  
  By following these steps, you should be able to resolve the FE714 error and successfully generate the required financial statements.