How To Fix CK545 - No current standard cost estimate found in posting period &3 &4

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 545

• Message text: No current standard cost estimate found in posting period &3 &4

What causes this issue?

You are attempting to release the standard cost estimate for material
&v1& in plant &v2& for a future posting period. However, the current
standard cost estimate no longer exists in posting period &v3& of
fiscal year &v4&.

System Response

Because of this inconsistency, the standard cost estimate cannot be
released.

How to fix this error?

Notify your system administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK545 - No current standard cost estimate found in posting period &3 &4 ?

  The SAP error message CK545 "No current standard cost estimate found in posting period &3 &4" typically occurs when you are trying to post a transaction that requires a standard cost estimate, but the system cannot find a valid standard cost estimate for the specified material in the given posting period.
  Cause:
  
  Missing Standard Cost Estimate: The standard cost estimate for the material in question has not been created or released for the specified period.
  Posting Period Issues: The posting period may not be open for the relevant accounting period, or the cost estimate may not be valid for that period.
  Material Master Data: The material master data may not be updated with the latest cost estimate.
  Costing Variant: The costing variant used may not be configured correctly, or the necessary settings may be missing.
  
  Solution:
  
  
  Create/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 material in question.
  Ensure that the cost estimate is valid for the posting period you are trying to use.
  
  
  
  Check Posting Period:
  
  Verify that the posting period is open. You can check this in the transaction code OB52 (Maintain Posting Periods).
  Ensure that the period is set correctly for the relevant company code and that the cost estimate is valid for that period.
  
  
  
  Update Material Master:
  
  Check the material master data using transaction code MM03. Ensure that the standard cost is updated in the relevant views (e.g., Accounting view).
  If necessary, update the material master with the new standard cost.
  
  
  
  Review Costing Variant:
  
  Check the costing variant settings in transaction code OKKN. Ensure that the costing variant is correctly configured and that it includes the necessary parameters for the cost estimate.
  
  
  
  Re-run Costing:
  
  If changes have been made, you may need to re-run the costing process to ensure that the new standard costs are taken into account.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  CK11N: Create Cost Estimate
  CK40N: Change Cost Estimate
  MM03: Display Material Master
  OB52: Maintain Posting Periods
  OKKN: Costing Variants
  
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on creating and managing cost estimates, as well as managing posting periods.
  
  
  User Roles: Ensure that you have the necessary authorizations to create or change cost estimates and to access the relevant transaction codes.
  
  
  By following these steps, you should be able to resolve the CK545 error and successfully post your transactions.