How To Fix CK500 - Standard cost estimate for period &3 already released with errors

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 500

• Message text: Standard cost estimate for period &3 already released with errors

What causes this issue?

In &v4& the following occurred:
You are attempting to <DS:GLOS.mark>mark</> the standard cost estimate
for material &v1& in plant &v2& for posting period &v3&.
However, this standard cost estimate has already been released with
errors. Marking has therefore already been carried out and will be
repeated.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

No further actions are required for marking the standard cost estimate
for material &v1& in plant &v2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK500 - Standard cost estimate for period &3 already released with errors ?

  The SAP error message CK500 indicates that there is an issue with a standard cost estimate that has already been released for a specific period, and it contains errors. This error typically arises during the cost estimate process in the Controlling (CO) module of SAP, particularly when dealing with product costing.
  Cause:
  
  Errors in Cost Estimate: The standard cost estimate may have been released with errors, such as incorrect material prices, overhead rates, or other cost components.
  Changes After Release: If changes were made to the master data (like material master, BOM, routing) after the cost estimate was released, it could lead to inconsistencies.
  Period Locking: The period for which the cost estimate is being processed may be locked for posting, preventing any changes or corrections.
  Incomplete Data: Missing or incomplete data in the cost estimate can also trigger this error.
  
  Solution:
  
  Check the Cost Estimate: Review the cost estimate for any errors. You can do this by navigating to the cost estimate in the SAP GUI and checking the details for any inconsistencies.
  Recalculate the Cost Estimate: If errors are found, you may need to recalculate the cost estimate. This can be done by using transaction CK11N (Create Cost Estimate) or CK40N (Change Cost Estimate).
  Release the Cost Estimate Again: After correcting the errors, you can release the cost estimate again using transaction CK24 (Release Cost Estimate).
  Check Period Status: Ensure that the period is open for posting. If the period is closed, you may need to open it or create a new cost estimate for a future period.
  Consult with Finance Team: If you are unsure about the changes or the implications of releasing a cost estimate, consult with your finance or controlling team for guidance.
  
  Related Information:
  
  Transaction Codes:
  
  CK11N: Create Cost Estimate
  CK40N: Change Cost Estimate
  CK24: Release Cost Estimate
  CK13N: Display Cost Estimate
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to cost estimates and error messages.
  Documentation: Refer to SAP documentation for detailed procedures on managing cost estimates and understanding the implications of errors.
  
  Best Practices:
  
  Always validate the data before releasing a cost estimate.
  Maintain proper documentation of changes made to master data that could affect cost estimates.
  Regularly review and reconcile cost estimates to ensure accuracy and compliance with financial reporting standards.
  
  By following these steps, you should be able to resolve the CK500 error and ensure that your standard cost estimates are accurate and properly released.