How To Fix CK496 - There is no standard cost estimate in posting period &3

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 496

• Message text: There is no standard cost estimate in posting period &3

What causes this issue?

In &v4& the following occurred:
You are attempting to mark a standard cost estimate for material &v1&
in plant &v2& for posting period &v3& in fiscal year &v4&. However, no
standard cost estimate has been saved in the future posting period &v3&
&v4&.

System Response

No cost estimate is marked.

How to fix this error?

Create a standard cost estimate for material &v1& in plant &v2& for
posting period &v3& and save it.
Mark this cost estimate again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK496 - There is no standard cost estimate in posting period &3 ?

  The SAP error message CK496, which states "There is no standard cost estimate in posting period &3," typically occurs when you are trying to post a transaction that requires a standard cost estimate, but no valid standard cost estimate exists for the specified posting period.
  Cause:
  
  Missing Standard Cost Estimate: The primary cause of this error is that there is no standard cost estimate available for the material in the specified posting period. This can happen if the cost estimate has not been created or released for that period.
  Incorrect Posting Period: The posting period you are trying to use may not align with the periods for which the standard cost estimates have been defined.
  Costing Variant Issues: There may be issues with the costing variant settings that prevent the standard cost estimate from being accessed.
  
  Solution:
  
  
  Create or Release Standard Cost Estimate:
  
  Go to the transaction code CK11N (Create Cost Estimate) or CK40N (Change Cost Estimate) to create or release a standard cost estimate for the relevant material and the required period.
  Ensure that the cost estimate is marked as "released" so that it can be used for postings.
  
  
  
  Check Posting Period:
  
  Verify that you are trying to post in the correct period. You can check the current period in the configuration settings or in the transaction you are using.
  If necessary, adjust the posting period to one where a valid standard cost estimate exists.
  
  
  
  Review Costing Variants:
  
  Check the costing variant settings in the configuration (transaction code OKKN) to ensure that they are correctly set up to allow for the use of standard costs.
  
  
  
  Consult with Finance/Controlling Team:
  
  If you are unsure about the cost estimates or the posting periods, consult with your finance or controlling team to ensure that the necessary cost estimates are in place.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  CK11N: Create Cost Estimate
  CK40N: Change Cost Estimate
  CK24: Display Cost Estimate
  OKKN: Costing Variants
  
  
  Costing in SAP: Understanding how costing works in SAP is crucial. Standard costing is a method used to value inventory and cost of goods sold, and it requires periodic updates to reflect changes in material costs.
  Documentation: Refer to SAP Help documentation for detailed information on cost estimates and related processes.
  
  By following these steps, you should be able to resolve the CK496 error and successfully post your transactions.