How To Fix CK547 - No future standard cost estimate exists for posting period &3 &4

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 547

• Message text: No future standard cost estimate exists for posting period &3 &4

What causes this issue?

You are attempting to release the standard cost estimate of material
&v1& in plant &v2& for the future posting period &v3& of fiscal year
&v4&.

System Response

The system could not find this cost estimate.

How to fix this error?

Cost the material again, mark the cost estimate, and release it.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK547 - No future standard cost estimate exists for posting period &3 &4 ?

  The SAP error message CK547 "No future standard cost estimate exists for posting period &3 &4" typically occurs when you are trying to post a transaction that requires a standard cost estimate for a future period, but no such estimate has been created or is available in the system for that specific period.
  Cause:
  
  Missing Standard Cost Estimate: The primary cause of this error is that a standard cost estimate has not been created for the material in question for the specified future posting period.
  Posting Period: The error indicates that the posting period you are trying to use is beyond the current period, and the system does not have a standard cost estimate for that future period.
  Costing Variant Settings: There may be issues with the costing variant settings that prevent the creation of future cost estimates.
  
  Solution:
  
  
  Create a Standard Cost Estimate:
  
  Navigate to the transaction code CK11N (Create Standard Cost Estimate).
  Enter the relevant material and plant details.
  Specify the future period for which you want to create the cost estimate.
  Execute the transaction to create the standard cost estimate.
  
  
  
  Check Existing Cost Estimates:
  
  Use transaction code CK13N (Display Standard Cost Estimate) to check if a standard cost estimate exists for the material and the specified future period.
  If it does not exist, you will need to create it as mentioned above.
  
  
  
  Adjust Posting Period:
  
  If the posting period is not necessary, consider adjusting the posting date to a period for which a standard cost estimate exists.
  
  
  
  Costing Variant Configuration:
  
  Ensure that the costing variant used allows for the creation of future cost estimates. You may need to consult with your SAP configuration team to verify the settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to cost estimates and the specific transaction you are using for additional guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  CK11N: Create Standard Cost Estimate
  CK13N: Display Standard Cost Estimate
  CK40N: Change Standard Cost Estimate
  
  
  Costing Variants: Understand the configuration of costing variants in your SAP system, as they dictate how cost estimates are created and managed.
  Material Master Data: Ensure that the material master data is correctly maintained, as it can affect cost estimates.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in controlling (CO) and material management (MM) modules.