How To Fix FMFG047 - &3- Investments in &1 Securities must have a balance in SGL account &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFG - U.S. Federal Government Message Class

• Message number: 047

• Message text: &3- Investments in &1 Securities must have a balance in SGL account &2

What causes this issue?

Treasury Account Symbol Failed Edit 6A - Investment Authority - Account
must be reported
This edit requires an account balance in the Agency bulk file when
authority exists in the Treasury file for RT7 Indicators 971 and 972.
This edit parallels Edit 6A as performed by Treasury when FACTS II data
for fourth quarter reporting is being processed.

System Response

Error message issued if the FACTS II Bulk File accounts have a zero
balance or if they do not exist.

How to fix this error?

Review message to determine its cause and handle as follows:
Footnote required
Create a footnote using the Maintain Footnotes program
Posting in system was incorrect
Post correcting transaction. Rerun Extract and Edit programs.
Attribute derivation for FACTS II was incorrectly defined
Change derviation rules, then rerun derivations, extract, and edit
programs.
Errors because of missing MAF file data
Either upload correct MAF file, maintain existing MAF file, or ignore.

Procedure for System Administrators

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 FMFG047 - &3- Investments in &1 Securities must have a balance in SGL account &2 ?

  The SAP error message FMFG047 indicates that there is an issue with the financial management of investments in securities. Specifically, it states that investments in a certain security (identified by &1) must have a balance in the specified SGL (Subledger) account (identified by &2). This error typically arises in the context of financial accounting and investment management within SAP.
  Cause:
  
  
  Missing Balance: The primary cause of this error is that the specified SGL account does not have a balance for the investment in the specified security. This could happen if:
  
  The investment was recorded incorrectly.
  There were transactions that were not posted correctly.
  The SGL account was cleared or adjusted without proper accounting entries.
  
  
  
  Configuration Issues: There may be configuration issues in the system related to the investment management module or the financial accounting module that prevent the proper posting of transactions.
  
  
  Data Entry Errors: Incorrect data entry during the posting of transactions related to investments in securities can lead to this error.
  
  
  Solution:
  
  
  Check SGL Account Balance: Verify the balance of the specified SGL account (&2) to ensure that it reflects the expected amount for the investment in the specified security (&1). You can do this by running a balance report or checking the account directly in the SAP system.
  
  
  Review Transactions: Look into the transaction history for the investment in the specified security. Ensure that all relevant transactions have been posted correctly and that there are no missing entries.
  
  
  Correct Posting: If you find that there are missing or incorrect postings, you may need to create or adjust journal entries to ensure that the SGL account has the correct balance.
  
  
  Configuration Check: If the issue persists, check the configuration settings for the investment management and financial accounting modules. Ensure that the settings are correctly aligned with your organization's accounting policies.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for further guidance on handling this specific error message.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FBL3N: Display G/L Account Line Items
  FBL1N: Vendor Line Item Display
  FBL5N: Customer Line Item Display
  FMAVCR01: Display Commitment Items
  
  
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  Training and Documentation: Ensure that users involved in financial postings are adequately trained in SAP processes to minimize data entry errors.
  
  By following these steps, you should be able to identify the cause of the FMFG047 error and implement a solution to resolve it.