How To Fix CKMLWIP701 - Execute WIP revaluation for activity type/business process &1 first

SAP Error Message - Details

• Message type: E = Error

• Message class: CKMLWIP - WIP Price Determination

• Message number: 701

• Message text: Execute WIP revaluation for activity type/business process &1 first

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CKMLWIP701 - Execute WIP revaluation for activity type/business process &1 first ?

  The SAP error message CKMLWIP701 indicates that there is a requirement to execute Work in Progress (WIP) revaluation for a specific activity type or business process before proceeding with the current operation. This error typically arises in the context of WIP accounting, particularly when dealing with production orders or internal orders in SAP.
  Cause:
  The error occurs when:
  
  WIP Revaluation Not Executed: The system requires that WIP revaluation be performed for the specified activity type or business process before you can continue with the current transaction.
  Missing Configuration: There may be missing or incorrect configuration settings related to WIP accounting for the specific activity type or business process.
  Incomplete Data: The necessary data for WIP revaluation may not be available or may not have been processed correctly.
  
  Solution:
  To resolve the CKMLWIP701 error, you can follow these steps:
  
  
  Execute WIP Revaluation:
  
  Navigate to the appropriate transaction for WIP revaluation (e.g., transaction code CKML).
  Select the relevant activity type or business process and execute the WIP revaluation process.
  
  
  
  Check Configuration:
  
  Ensure that the configuration for WIP accounting is correctly set up in the system. This includes checking the settings for the activity types and business processes involved.
  You can check the configuration in the following path: SPRO > Controlling > Product Cost Controlling > Actual Costing/Material Ledger > WIP Calculation.
  
  
  
  Review Data:
  
  Verify that all necessary data for the WIP revaluation is complete and accurate. This includes checking production orders, internal orders, and any related master data.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on WIP revaluation and the specific requirements for your business processes.
  
  
  
  Contact Support:
  
  If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  WIP Accounting: Work in Progress accounting is crucial for accurately reflecting the costs associated with production processes in financial statements.
  Activity Types: These are used in cost accounting to categorize different types of activities performed in production or service processes.
  Business Processes: In SAP, business processes refer to the various workflows and operations that are carried out within the system, which can include production, procurement, and sales processes.
  
  By addressing the WIP revaluation requirement, you should be able to resolve the CKMLWIP701 error and proceed with your operations in SAP.