How To Fix FM706 - > Proceedings started vs.act & & (sub-ac.&), no trans.since &, always dun

FM706 - Overview

• Message type: E = Error

• Message class: FM - Dunning Notices

• Message number: 706

• Message text: > Proceedings started vs.act & & (sub-ac.&), no trans.since &, always dun

What causes this issue?

Legal proceedings have been initiated against this account and it has
no new transactions.

System Response

The account is treated by the system as if new transactions had been
made on it and the form for the legal dunning procedure is being
printed.

How to fix this error?

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 FM706 - > Proceedings started vs.act & & (sub-ac.&), no trans.since &, always dun ?

  The SAP error message FM706 typically relates to issues with the Funds Management (FM) module, specifically concerning budget availability and the processing of commitments or actuals against a budget. The message indicates that there are proceedings (commitments or actual expenditures) that have been recorded against a budget, but there are no transactions since a specified date, which may lead to a situation where the budget is not being utilized as expected.
  
  Cause:
  
  Budget Availability: The error often arises when there are no available funds in the budget for the specified period, or the budget has not been properly allocated.
  Transaction Dates: The error may indicate that there have been no transactions recorded since a certain date, which could mean that the budget is not being utilized effectively.
  Commitment Management: There may be issues with how commitments are being tracked or reported in the system, leading to discrepancies in budget utilization.
  Incorrect Configuration: There could be