How To Fix FI702 - Application of funds & / & already exists

FI702 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 702

• Message text: Application of funds & / & already exists

What causes this issue?

You have tried to create an application of funds which already exists.

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?

Check the values for the FM area and application of funds. Correct any
typing errors and enter the data record you want again, or choose the
menu function "Change" to process the data record which has the key you
have entered.

Error message extract from SAP system. Copyright SAP SE.

FI702 - Details

• The SAP error message FI702 ("Application of funds & / & already exists") typically occurs in the context of financial transactions, particularly when dealing with funds management or budget control. This error indicates that there is an attempt to create or post a new application of funds that already exists in the system.
  
  Cause:
  
  Duplicate Entry: The most common cause of this error is that there is already an existing application of funds with the same reference or identifier in the system.
  Incorrect Data Entry: There may be a mistake in the data being entered, such as incorrect document numbers or references that lead to a conflict with existing records.
  System Configuration: In some cases, the configuration settings in the SAP system may not allow for multiple applications of funds for the same reference.
  
  
  Solution:
  
  Check Existing Applications: Review the existing applications of funds in the system to confirm if the application you are trying to