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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI702 - Application of funds & / & already exists ?

  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 create already exists. You can do this by using transaction codes like FMAVCR01 (for budget consumption) or other relevant reports.
  Modify the Entry: If you find that the application already exists, you may need to modify your entry to avoid duplication. This could involve changing the reference number or adjusting the details of the transaction.
  Consult Documentation: Review the documentation or guidelines for the specific process you are working on to ensure that you are following the correct procedures.
  System Configuration: If you suspect that the issue is related to system configuration, consult with your SAP Basis or configuration team to review the settings related to funds management.
  Error Logs: Check the error logs for more detailed information about the error, which may provide additional context or specifics about the conflict.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for funds management, such as FMAVCR01, FMBB, or FMBT.
  SAP Notes: Search for SAP Notes related to FI702 for any patches or updates that may address this issue.
  User Roles and Authorizations: Ensure that you have the necessary permissions to create or modify applications of funds in the system.
  Training and Documentation: If you are new to the SAP system or the funds management module, consider seeking training or reviewing user manuals to better understand the processes involved.
  
  If the issue persists after following these steps, it may be beneficial to reach out to your SAP support team for further assistance.