How To Fix CK704 - No cost estimate found for price update

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 704

• Message text: No cost estimate found for price update

What causes this issue?

Following a selection by you, no cost estimates were found that could
used for <DS:GLOS.3526B6E6AFAB52B9E10000009B38F974>price update</>
purposes.

How to fix this error?

Check your selection criteria in the request screen.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK704 - No cost estimate found for price update ?

  The SAP error message CK704 ("No cost estimate found for price update") typically occurs in the context of material valuation and cost accounting. This error indicates that the system could not find a valid cost estimate for the material when attempting to update the price.
  Causes:
  
  Missing Cost Estimate: The most common cause is that there is no cost estimate available for the material in the specified period.
  Costing Variant Issues: The costing variant used may not be configured correctly or may not be applicable for the material.
  Material Master Data: The material master may not have been set up correctly, or the relevant views (like costing view) may be missing.
  Costing Run Not Executed: The costing run for the relevant period may not have been executed, leading to the absence of a cost estimate.
  Incorrect Valuation Class: The valuation class assigned to the material may not be linked to a valid cost estimate.
  
  Solutions:
  
  Check Cost Estimates: Verify if a cost estimate exists for the material in the relevant period. You can do this by navigating to the cost estimate display transaction (e.g., CK13N).
  Execute Costing Run: If no cost estimate exists, execute the costing run for the relevant period using transaction CK40N or CK40.
  Review Material Master: Ensure that the material master data is complete and that the costing view is properly maintained. Check if the valuation class is correctly assigned.
  Check Costing Variant: Review the costing variant settings to ensure they are correctly configured for the material and the intended costing process.
  Consult with Finance Team: If you are unsure about the costing setup, consult with your finance or controlling team to ensure that all necessary configurations are in place.
  
  Related Information:
  
  Transaction Codes:
  
  CK13N: Display Cost Estimate
  CK40N: Create Cost Estimate
  CK24: Display Costing Results
  
  
  Costing Variants: Understand the costing variants and their configurations in the system, as they play a crucial role in how cost estimates are generated.
  Material Valuation: Familiarize yourself with the material valuation process in SAP, including how different valuation methods (like standard costing, moving average, etc.) affect cost estimates.
  
  By following these steps, you should be able to identify the root cause of the CK704 error and implement the necessary solutions to resolve it.