How To Fix FI658 - Company code &: assigned budget profile for fund does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 658

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

What causes this issue?

Budget profile &V3& for the fund 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?

In the Funds Management implementation guide, enter a budget profile
for the fund, 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 FI658 - Company code &: assigned budget profile for fund does not exist ?

  The SAP error message FI658 indicates that there is an issue with the budget profile assigned to a fund in the context of financial accounting. Specifically, it means that the system cannot find a budget profile for the specified company code and fund combination. Here’s a breakdown of the cause, solution, and related information for this error:
  Cause:
  
  Missing Budget Profile: The budget profile for the specified fund in the company code does not exist in the system.
  Incorrect Configuration: The configuration settings for the fund or budget profile may not have been set up correctly.
  Fund Assignment: The fund may not be properly assigned to the company code or may not be activated.
  Data Entry Error: There may be a typo or incorrect entry in the fund or company code when processing the transaction.
  
  Solution:
  
  
  Check Budget Profile Assignment:
  
  Go to the configuration settings in SAP (transaction code SPRO).
  Navigate to Public Sector Management > Budget Control System > Define Budget Profiles.
  Verify if the budget profile is defined for the relevant fund and company code.
  
  
  
  Create or Assign Budget Profile:
  
  If the budget profile does not exist, you may need to create a new budget profile or assign an existing one to the fund.
  Ensure that the budget profile is correctly linked to the fund and the company code.
  
  
  
  Verify Fund Configuration:
  
  Check the fund configuration to ensure it is correctly set up and assigned to the appropriate company code.
  Use transaction code FMX1 (Create Fund) or FMX2 (Change Fund) to review the fund details.
  
  
  
  Check for Data Entry Errors:
  
  Review the transaction that triggered the error to ensure that the company code and fund are entered correctly.
  Correct any discrepancies in the data entry.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on budget profiles and fund management.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  SPRO: Access to the SAP Customizing Implementation Guide.
  FMX1: Create Fund.
  FMX2: Change Fund.
  FMX3: Display Fund.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to budget profiles and funds.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and modify budget profiles and fund assignments.
  
  
  By following these steps, you should be able to resolve the FI658 error and ensure that the budget profile is correctly assigned to the fund in the specified company code.