How To Fix CKBK040 - Valuation date &1 falls outside the costing period

SAP Error Message - Details

• Message type: E = Error

• Message class: CKBK - Messages of the Valuation Functions

• Message number: 040

• Message text: Valuation date &1 falls outside the costing period

What causes this issue?

The valuation date &v1& does not fall within the validity period from
&v2& to &v3& for cost estimate &v4&.

System Response

The valuation date remains unchanged.

How to fix this error?

Either choose a valid valuation date or change the validity period of
the cost estimate.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CKBK040 - Valuation date &1 falls outside the costing period ?

  The SAP error message CKBK040 indicates that the valuation date specified in a transaction falls outside the defined costing period. This typically occurs when you are trying to perform a costing operation (like a material valuation or a cost estimate) for a date that is not within the active costing period defined in the system.
  Cause:
  
  Costing Period Not Open: The costing period for the specified valuation date is closed. This means that the system does not allow any cost calculations or adjustments for that period.
  Incorrect Valuation Date: The valuation date provided in the transaction is incorrect or not aligned with the open periods in the system.
  Configuration Issues: There may be configuration settings in the controlling area or company code that restrict the costing periods.
  
  Solution:
  
  
  Check Costing Periods:
  
  Go to the transaction code OKP1 (for controlling area) or OKP2 (for company code) to check the status of the costing periods.
  Ensure that the costing period for the valuation date you are trying to use is open.
  
  
  
  Change Valuation Date:
  
  If the valuation date is not critical, consider changing it to a date that falls within an open costing period.
  
  
  
  Open the Costing Period:
  
  If necessary, you can open the costing period for the relevant controlling area or company code. This can be done in transaction OKP1 or OKP2 by changing the status of the period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a costing period or changing the valuation date, consult with your finance or controlling team to ensure compliance with accounting policies.
  
  
  
  Review Configuration:
  
  If the issue persists, review the configuration settings related to costing periods in the controlling area to ensure they are set up correctly.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OKP1: Maintain Costing Periods (Controlling Area)
  OKP2: Maintain Costing Periods (Company Code)
  CK11N: Create Cost Estimate with Quantity Structure
  CK40N: Change Cost Estimate
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on costing periods and their management.
  
  
  User Roles: Ensure that you have the necessary authorizations to view and modify costing periods.
  
  
  By following these steps, you should be able to resolve the CKBK040 error and proceed with your costing activities in SAP.