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

FI638 - Overview

• 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.

FI638 - Details

• 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