How To Fix FI705 - Application of funds saved

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 705

• Message text: Application of funds saved

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FI705 - Application of funds saved ?

  The SAP error message FI705, which states "Application of funds saved," typically occurs in the context of financial transactions, particularly when dealing with funds management or budget control in SAP. This message indicates that there is an issue with the application of funds, often related to budget availability or the way funds are being allocated.
  Causes of FI705 Error
  
  
  Insufficient Budget: The most common cause is that the budget for the specified cost center or internal order is insufficient to cover the transaction being processed.
  
  
  Incorrect Fund Type: The transaction may be using an incorrect fund type that does not match the budgetary controls set up in the system.
  
  
  Budget Release Issues: The budget may not have been released properly, or there may be restrictions on the budget that prevent its use.
  
  
  Configuration Issues: There may be configuration issues in the Funds Management module that are causing the error.
  
  
  Posting Period Issues: The posting period may be closed, preventing any further transactions from being processed.
  
  
  Solutions to FI705 Error
  
  
  Check Budget Availability: Review the budget for the relevant cost center or internal order to ensure that there are sufficient funds available for the transaction.
  
  
  Adjust Budget: If the budget is insufficient, consider adjusting the budget or reallocating funds to cover the transaction.
  
  
  Verify Fund Type: Ensure that the correct fund type is being used for the transaction. If necessary, change the fund type to one that is valid for the budget.
  
  
  Release Budget: If the budget has not been released, follow the necessary steps to release it so that it can be used for transactions.
  
  
  Review Configuration: Check the configuration settings in the Funds Management module to ensure that they are set up correctly.
  
  
  Check Posting Period: Verify that the posting period is open for the transaction date. If it is closed, you may need to open it or post the transaction in an open period.
  
  
  Related Information
  
  
  Transaction Codes: You may use transaction codes like FMAVCR01 (Budget Availability Control) to check budget availability or FMBB (Budgeting) to make adjustments.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the FI705 error. SAP Notes can provide additional insights or solutions.
  
  
  Documentation: Refer to SAP documentation on Funds Management and Budget Control for detailed guidance on managing budgets and resolving related issues.
  
  
  Consult with SAP Support: If the issue persists after trying the above solutions, consider reaching out to SAP support for further assistance.
  
  
  By following these steps, you should be able to identify the cause of the FI705 error and implement a suitable solution.