How To Fix FI717 - It is not possible to generate this budget object

FI717 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 717

• Message text: It is not possible to generate this budget object

What causes this issue?

You try to generate a budget object from a
<DS:GLOS.Budget structure plan element>BSt element</>, which is neither
budget object nor posting object. This is not possible.

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?

Error message extract from SAP system. Copyright SAP SE.

FI717 - Details

• The SAP error message FI717, which states "It is not possible to generate this budget object," typically occurs in the context of budget management within the SAP system, particularly when dealing with budgetary control in the Financial Accounting (FI) module. This error can arise due to several reasons, and understanding the cause is crucial for finding an appropriate solution.
  Causes of FI717 Error
  
  
  Budget Object Not Defined: The budget object you are trying to use may not be defined in the system. This could happen if the budget object was not created or if it was deleted.
  
  
  Incorrect Configuration: There may be issues with the configuration of the budgetary control settings. This includes settings related to budget types, budget versions, or budget categories.
  
  
  Authorization Issues: The user may not have the necessary authorizations to create or modify the budget object.
  
  
  Inactive Budget Version: The budget version you are trying to use may be inactive or