How To Fix FI721 - Generation of budget objects only possible from budget or posting objects

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 721

• Message text: Generation of budget objects only possible from budget or posting objects

What causes this issue?

Budget objects can only be generated from
<DS:GLOS.Budget structure plan elements>BSt elements</> which are
budget or posting objects.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI721 - Generation of budget objects only possible from budget or posting objects ?

  The SAP error message FI721 ("Generation of budget objects only possible from budget or posting objects") typically occurs in the context of budget management within the SAP system, particularly when dealing with budgetary control and the creation of budget objects.
  Cause:
  This error usually arises when there is an attempt to create or generate budget objects without the necessary prerequisites being met. Specifically, it can occur in the following scenarios:
  
  
  Missing Budget or Posting Objects: The system requires that a budget or posting object exists before it can generate a budget object. If you are trying to create a budget object directly without having a corresponding budget or posting object, this error will be triggered.
  
  
  Incorrect Configuration: There may be configuration issues in the budget management settings that prevent the system from recognizing the necessary objects.
  
  
  Authorization Issues: Sometimes, the user may not have the required authorizations to create or manage budget objects, leading to this error.
  
  
  Solution:
  To resolve the FI721 error, you can take the following steps:
  
  
  Check for Existing Budget or Posting Objects:
  
  Ensure that the budget or posting object you are trying to use exists in the system. You can do this by navigating to the relevant transaction codes (e.g., FMBB for budget management) and verifying the objects.
  
  
  
  Create Required Objects:
  
  If the necessary budget or posting objects do not exist, create them first. This can typically be done through the budget management transactions in SAP.
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings for budget management in the SAP system. Ensure that all necessary settings are correctly configured to allow for the generation of budget objects.
  
  
  
  Check User Authorizations:
  
  Verify that the user has the appropriate authorizations to create and manage budget objects. If not, you may need to work with your SAP security team to adjust the user's roles and permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on budget management and object generation. This can provide insights into any additional requirements or steps that may be necessary.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They can provide more detailed troubleshooting based on your specific system configuration and version.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMBB (Budgeting), FMX1 (Create Budget), and FMX2 (Change Budget) to manage budget objects effectively.
  Budget Management Configuration: Understanding the configuration settings in SPRO (SAP Project Reference Object) under Public Sector Management > Budget Control System can be beneficial.
  SAP Notes: Check for any SAP Notes related to FI721 for known issues or patches that may address the error.
  
  By following these steps, you should be able to identify the cause of the FI721 error and implement a solution to resolve it.