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

FI723 - Overview

• 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.

FI723 - Details

• 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