I'm having a little trouble following your compose actions, but that's likely because it's late where I am. Regardless, we should be able to figure this out without getting too deep into it.
When setting a lookup field in Dataverse through Power Automate, you look to be on the right track.
- The pluralset name of the table you are pointing to should be used (in this case I believe that is crfbf_financialrecords)
- You need the GUID of the record you are pointing to
- You need the GUID of the record to be updated (along with finding the table name in the dropdown).
Based on your screenshots, I know you have one problem (there might be a second problem, but I don't think it has a huge impact).
ISSUE 1
Your Row ID in the update action is incorrect. Because you are already defining the table you are going to be updating a record within (Budget Report), the Row ID does not need to define the table. This value should simply be the GUID of the record you are updating.
Resolution: Remove the below section and
only use the GUID of your record to update.
/crfbf_budgetreports()
ISSUE 2 (maybe?)
When setting the lookup field value, I usually don't do a '/' before the table pluralset name. I don't know that this would actually cause an issue, but it's possible. If you fix issue 1 above and you still run into an error, try removing that.
My recommendation when learning Power Automate and doing these actions is to first try it with some hard coded values when you run into trouble. Grab a record GUID and a lookup record GUID, and just paste them directly into where you have your Compose variables. Then test the flow and make sure the records update as expected. Once you've done that, you know your syntax is correct and all you need to do is update the hard-coded values with your variable.
Honestly, you're super close, and this is a pretty common mistake and learning experience. AI responses that say to include the pluralset name in the Row ID also don't help the situation, so just ignore those. Let me know if it works, or if you run into any further issues and I'll do what I can to help.
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