How To Fix FM702 - > Account & & (sub-account & ) does not have a debit balance: &

SAP Error Message - Details

• Message type: E = Error

• Message class: FM - Dunning Notices

• Message number: 702

• Message text: > Account & & (sub-account & ) does not have a debit balance: &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FM702 - > Account & & (sub-account & ) does not have a debit balance: & ?

  The SAP error message FM702 indicates that a specific account (and sub-account) does not have a debit balance when a transaction is attempted. This error typically occurs in the context of Funds Management (FM) in SAP, where certain financial transactions require that the account has a debit balance to proceed.
  Cause:
  
  
  Account Balance: The primary cause of this error is that the specified account (and sub-account) does not have a sufficient debit balance to cover the transaction being processed. This could be due to:
  
  Previous transactions that have depleted the balance.
  Incorrect postings that have led to an unexpected credit balance.
  The account being set up incorrectly in the system.
  
  
  
  Transaction Type: The type of transaction being attempted may require a debit balance. For example, if you are trying to post an expense or a commitment, the account must have a debit balance.
  
  
  Configuration Issues: There may be configuration issues in the Funds Management settings that affect how balances are calculated or displayed.
  
  
  Solution:
  
  
  Check Account Balance: Review the balance of the specified account and sub-account. You can do this by using transaction codes like FMAVCR01 or FMAVCR02 to analyze the account balances.
  
  
  Post Correctly: Ensure that the transactions being posted are appropriate for the account type. If the account is meant for expenses, ensure that you are not trying to post a revenue transaction.
  
  
  Adjust Transactions: If there are previous transactions that have led to a credit balance, you may need to reverse or adjust those transactions to restore the necessary debit balance.
  
  
  Review Configuration: Check the configuration settings in the Funds Management module to ensure that the account is set up correctly and that the rules governing debit and credit balances are properly defined.
  
  
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidelines related to your organization's configuration and policies.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for checking balances and posting transactions in SAP FM.
  User Roles: Ensure that you have the necessary permissions to view account balances and make postings.
  SAP Notes: Check for any SAP Notes related to error FM702 for additional insights or patches that may address known issues.
  Training: Consider training sessions on SAP Funds Management to better understand how account balances work and how to troubleshoot related issues.
  
  By following these steps, you should be able to identify the cause of the FM702 error and take appropriate action to resolve it.