How To Fix FI047 - No budget object defined for & / & / & / &

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 047

• Message text: No budget object defined for & / & / & / &

What causes this issue?

The combination of fund &V2&, funds center &V3& and commitment item
&V4& in the <DS:GLOS.budget_structure>budget structure</> is not
defined as a <DS:GLOS.budget_object>budget object</> in FM area &V1&.
If you have defined only one budget object in the budget structure, you
must define all the budget structure elements to which you want to
assign budgets, as budget objects.

System Response

Activity not executed

How to fix this error?

Enter an FM area/fund/funds center/commitment item combination which is
defined as a budget object in the budget structure, or define the above
combination as one.
To define budget objects, go to the Funds Management menu and choose
<LB>Budgeting -> Budget structure -> Change</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI047 - No budget object defined for & / & / & / & ?

  The SAP error message FI047 "No budget object defined for & / & / & / &" typically occurs in the context of budget management within the SAP system, particularly when working with the Funds Management (FM) module. This error indicates that the system cannot find a budget object (such as a cost center, internal order, or project) for the specified combination of parameters.
  Cause:
  
  Missing Budget Object: The specified budget object (e.g., cost center, internal order, or project) does not exist in the system or is not defined in the budget structure.
  Incorrect Configuration: The budget object may not be properly configured in the Funds Management settings.
  Incorrect Posting: The transaction being processed may be attempting to post to a budget object that is not valid or does not have an associated budget.
  Authorization Issues: The user may not have the necessary authorizations to access the budget object.
  
  Solution:
  
  
  Check Budget Object Definition:
  
  Verify that the budget object exists in the system. You can do this by navigating to the relevant configuration or master data transaction (e.g., transaction codes like KSB1 for cost centers or KO03 for internal orders).
  Ensure that the budget object is correctly defined in the Funds Management settings.
  
  
  
  Review Budget Availability:
  
  Check if there is an available budget for the specified budget object. You can use transaction codes like FMAVCR01 (Budget Availability Control) to review the budget status.
  
  
  
  Configuration Review:
  
  If you have access, review the configuration settings in the Funds Management module to ensure that the budget object is correctly set up. This may involve checking the budget structure and assignment of budget objects.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access and post to the budget object. This may involve checking user roles and authorizations in transaction SU01.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the error message and related configuration settings.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FMAVCR01: Budget Availability Control
  KSB1: Display Cost Centers
  KO03: Display Internal Orders
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the cause of the FI047 error and implement a solution to resolve it.