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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI724 - No corresponding budget exists for budget structure element &1/&2/&3 ?

  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 have the necessary authorizations to view or access the budget for the specified elements.
  
  Solution:
  
  
  Check Budget Allocation:
  
  Navigate to the Funds Management module and verify if a budget has been allocated for the specified budget structure element.
  Use transaction codes like FMBB (Budgeting) or FMAVCR01 (Display Budget) to check the budget status.
  
  
  
  Define or Adjust Budget Structure:
  
  If the budget structure element does not exist, you may need to create or adjust it using transaction codes like OBBP (Define Budget Structure) or OBBN (Define Budget Types).
  
  
  
  Release the Budget:
  
  Ensure that the budget is released for the relevant fiscal year and period. You can use transaction FMX1 (Create Budget) or FMX2 (Change Budget) to manage budget releases.
  
  
  
  Check Fiscal Year/Period:
  
  Verify that the transaction is being processed in the correct fiscal year and period. Adjust the transaction date if necessary.
  
  
  
  Review Authorizations:
  
  Ensure that the user has the necessary authorizations to access and manage the budget. This may involve checking user roles and permissions in the SAP system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configurations related to your organization’s budget management processes.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in the Funds Management module, such as FMBB, FMAVCR01, FMX1, FMX2, and OBBP.
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  User Manuals: Refer to user manuals or training materials specific to your organization’s SAP implementation for guidance on budget management processes.
  
  By following these steps, you should be able to identify the cause of the FI724 error and implement the necessary solutions to resolve it.