How To Fix FI724 - No corresponding budget exists for budget structure element &1/&2/&3

FI724 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 724

• Message text: No corresponding budget exists for budget structure element &1/&2/&3

What causes this issue?

For <DS:GLOS.3526B987AFAB52B9E10000009B38F974>BS element</> &v1&/&v2&/
&v3& a corresponding
<DS:GLOS.354F043503B61296E10000009B38F983>budget element</> exists
although the BS element is neither
<DS:GLOS.3526B988AFAB52B9E10000009B38F974>Budget-
</> nor <DS:GLOS.3526B982AFAB52B9E10000009B38F974>Posting object</>.
This error can arise if you have changed the characteristics of the BS
element in the budget structure after generating the budget element.

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?

Mark the BS element in the budget structure as budget or posting object
and execute this check again.
Alternatively, you can delete budget element via the generation
transaction.
Choose <LS>Funds Management -> Master data -> Assignments -> HR Funds
and Position Management -> Generate budget elements per fund</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FI724 - Details

• The SAP error message FI724 "No corresponding budget exists for budget structure element &1/&2/&3" typically occurs in the context of budget management within the SAP system, particularly when working with the Funds Management (FM) module. This error indicates that there is no budget allocated for the specified budget structure element, which is identified by the parameters &1, &2, and &3.
  
  Cause:
  
  Missing Budget Allocation: The most common cause is that the budget has not been allocated for the specified budget structure element (e.g., fund, commitment item, or functional area).
  Incorrect Budget Structure: The budget structure element being referenced may not be correctly defined or may not exist in the system.
  Budget Release Issues: The budget may not have been released or activated, preventing any transactions from being processed against it.
  Incorrect Fiscal Year/Period: The transaction may be attempted in a fiscal year or period where the budget is not available.
  Authorization Issues: The user may not