How To Fix FI_E071 - Invalid BL posting. Fund &1 in FM area &2 is either expired or cancelled

SAP Error Message - Details

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 071

• Message text: Invalid BL posting. Fund &1 in FM area &2 is either expired or cancelled

What causes this issue?

You are using the funds management system integrated with the budgetary
ledger (BL). For FM area &V2&, the BL is active with account derivation
for the United States. However, according to the US federal government
rules, it is only possible to enter new or supplementary budget
(budgetary authority) if the fund status is unexpired.
The fund status (unexpired, expired, or cancelled) is derived based on
the expiration and cancellation dates defined in the fund master record
compared against the posting date. The fund &V1& in FM area &V2& is
already either expired or cancelled.

System Response

The budgetary ledger processor cannot post this document.

How to fix this error?

If this is a special posting approved by an authorized person, the
expiration and/or cancellation dates could be temporarily changed in
order to accomplish this posting. If you are authorized, change the
fund master record accordingly using transaction FM5U (see link defined
below) and then restart the transaction.

<DS:TRAN.FM5U>Change fund master record</>
ENDIF

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI_E071 - Invalid BL posting. Fund &1 in FM area &2 is either expired or cancelled ?

  The SAP error message FI_E071 indicates that there is an issue with a budget line item (BL) posting in the Funds Management (FM) module. Specifically, the error states that the fund specified (denoted by &1) in the FM area (denoted by &2) is either expired or cancelled. This typically occurs when you attempt to post a transaction that references a fund that is no longer valid for the current fiscal year or period.
  Causes:
  
  Expired Fund: The fund you are trying to use has a validity period that has ended. This can happen if the fund was set up with a specific start and end date, and the current date falls outside of that range.
  Cancelled Fund: The fund may have been cancelled or deactivated in the system, making it unavailable for new postings.
  Incorrect FM Area: The FM area specified in the posting may not be correctly aligned with the fund being used.
  Posting Period Issues: The posting period may be closed, or the fund may not be valid for the current posting period.
  
  Solutions:
  
  
  Check Fund Validity: Verify the validity dates of the fund in the Funds Management module. Ensure that the fund is active and has not expired.
  
  Navigate to the relevant transaction (e.g., FMF1 for fund creation or FMF2 for fund modification) to check the fund's status.
  
  
  
  Review Fund Status: If the fund is cancelled, you may need to reactivate it or create a new fund if reactivation is not possible.
  
  
  Correct FM Area: Ensure that you are using the correct FM area in your posting. If necessary, adjust the posting to reference the correct FM area.
  
  
  Check Posting Period: Make sure that the posting period is open and that the fund is valid for that period. You can check the posting periods in the configuration settings of the FM module.
  
  
  Consult with Finance Team: If you are unsure about the status of the fund or how to proceed, consult with your finance or accounting team for guidance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing funds, such as:
  
  FMF1: Create Fund
  FMF2: Change Fund
  FMF3: Display Fund
  FMAVCR01: Display Budget Consumption
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  Documentation: Review SAP documentation on Funds Management for best practices and guidelines on managing funds and budget postings.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.