How To Fix FI003 - FM area & does not exist

FI003 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 003

• Message text: FM area & does not exist

What causes this issue?

The FM area does not exist.

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?

Error message extract from SAP system. Copyright SAP SE.

FI003 - Details

• The SAP error message "FI003 FM area & does not exist" typically occurs in the context of Financial Accounting (FI) and Funds Management (FM) modules. This error indicates that the specified Funds Management area does not exist in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Incorrect FM Area: The FM area specified in the transaction or configuration does not exist in the system.
  
  Configuration Issues: The FM area may not have been properly configured or activated in the system.
  Data Entry Error: There may be a typographical error in the FM area code entered by the user.
  Missing Authorization: The user may not have the necessary authorizations to access the specified FM area.
  
  
  Solution:
  
  
  Check FM Area Configuration:
  
  Go to the Funds Management configuration settings in SAP (transaction code SPRO).
  Navigate to Public Sector Management > Funds Management > Master Data > Define Funds Management Areas.
  Verify if the FM area in question