How To Fix FI638 - Company code &: assigned budget profile does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 638

• Message text: Company code &: assigned budget profile does not exist

What causes this issue?

Budget profile &V3& in FM area &V2&, which is assigned to company code
&V1&, 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?

Go to the Funds Management implementation guide. Create a budget
profile and assign it to the FM area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI638 - Company code &: assigned budget profile does not exist ?

  The SAP error message FI638 indicates that the system cannot find a budget profile assigned to the specified company code. This error typically occurs in the context of budget management and financial planning within the SAP system, particularly when trying to execute transactions that involve budget checks.
  Cause:
  
  Missing Budget Profile: The budget profile has not been defined for the specified company code.
  Incorrect Configuration: The budget profile may not be correctly assigned to the company code in the configuration settings.
  Data Entry Error: There may be a typographical error in the company code or budget profile being referenced.
  Transport Issues: If the configuration was recently transported from another environment (e.g., development to production), the budget profile may not have been included in the transport.
  
  Solution:
  
  
  Check Budget Profile Assignment:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Public Sector Management > Budget Control System > Define Budget Profiles.
  Ensure that the budget profile is created and assigned to the relevant company code.
  
  
  
  Create or Modify Budget Profile:
  
  If the budget profile does not exist, create a new one by following the steps in the same path mentioned above.
  If it exists but is not assigned to the company code, assign it accordingly.
  
  
  
  Verify Company Code:
  
  Double-check the company code being used in the transaction to ensure it is correct and exists in the system.
  
  
  
  Check Transport Requests:
  
  If the configuration was recently transported, verify that the transport request included the necessary budget profile settings.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or configuration guides specific to your organization’s SAP setup to ensure compliance with internal processes.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (to check company code settings) and BP (to manage business partners) to verify related configurations.
  SAP Notes: Check SAP Notes for any known issues or updates related to budget profiles and company codes.
  User Authorizations: Ensure that the user executing the transaction has the necessary authorizations to access budget profiles and company codes.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation.