How To Fix FI723 - There is no BS element &1/&2/&3

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 723

• Message text: There is no BS element &1/&2/&3

What causes this issue?

In Position Management a
<DS:GLOS.354F043503B61296E10000009B38F983>Budget element</> exists for
which there is no corresponding
<DS:GLOS.3526B987AFAB52B9E10000009B38F974>BS element</> &v1&/&v2&/&v3&.
This error can arise if you have deleted HR commitment items or funds
centers.

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?

To delete the budget element existing in Position Management, you
execute a component matching.
Choose <LS>Extras -> Match components</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI723 - There is no BS element &1/&2/&3 ?

  The SAP error message FI723 ("There is no BS element &1/&2/&3") typically occurs in the context of financial accounting when the system cannot find a balance sheet (BS) element that corresponds to the specified parameters. This error is often related to issues with the configuration of the balance sheet accounts or the financial statement version.
  Cause:
  
  Missing Configuration: The balance sheet element (e.g., account, cost center, or profit center) may not be configured correctly in the system.
  Incorrect Parameters: The parameters provided in the transaction (like account number, company code, or fiscal year) may not match any existing balance sheet elements.
  Data Inconsistency: There may be inconsistencies in the master data or configuration settings that prevent the system from recognizing the balance sheet element.
  Missing Authorizations: The user may not have the necessary authorizations to access the specified balance sheet element.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the financial statement version (transaction code OB58) and ensure that the balance sheet elements are correctly defined.
  Verify that the account in question is included in the relevant financial statement version.
  
  
  
  Verify Parameters:
  
  Double-check the parameters you are using in the transaction. Ensure that the account number, company code, and fiscal year are correct and exist in the system.
  
  
  
  Review Master Data:
  
  Check the master data for the account or cost center to ensure it is set up correctly and is active.
  Use transaction codes like FS00 (for G/L accounts) or KS01 (for cost centers) to review the details.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the balance sheet elements. This can be checked with the help of your SAP security team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the FI723 error for any specific guidance or patches that may address the issue.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB58 (Financial Statement Version), FS00 (G/L Account Master), and others that may help in troubleshooting.
  SAP Notes: Search for SAP Notes related to FI723 for any known issues or updates that may resolve the error.
  User Forums: Check SAP community forums or other user groups for similar issues and solutions shared by other users.
  
  By following these steps, you should be able to identify and resolve the cause of the FI723 error in your SAP system.