How To Fix ERP_CO_OLC_E033 - Settlement profile &1; default receiver object type is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: ERP_CO_OLC_E - Messages for Operative Level Costing

• Message number: 033

• Message text: Settlement profile &1; default receiver object type is not defined

Self-Explanatory Message

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• What is the cause and solution for SAP error message ERP_CO_OLC_E033 - Settlement profile &1; default receiver object type is not defined ?

  The SAP error message ERP_CO_OLC_E033 indicates that there is an issue with the settlement profile configuration in the Controlling (CO) module. Specifically, the error states that the default receiver object type for the specified settlement profile is not defined. This can occur in various scenarios, such as when trying to settle costs from internal orders, projects, or other cost objects.
  Cause:
  
  Missing Configuration: The settlement profile you are trying to use does not have a default receiver object type defined. This means that the system does not know where to send the costs when settlement is executed.
  Incorrect Settlement Profile Assignment: The settlement profile may not be correctly assigned to the relevant cost object (e.g., internal order, project).
  Changes in Configuration: If there have been recent changes to the configuration of settlement profiles or receiver objects, it may lead to this error.
  
  Solution:
  
  
  Check Settlement Profile Configuration:
  
  Go to the transaction code OKO7 (Settlement Profile) in SAP.
  Find the settlement profile that is causing the issue (indicated by &1 in the error message).
  Ensure that the default receiver object type is defined. You may need to specify a valid receiver type (e.g., cost center, internal order, etc.) in the configuration.
  
  
  
  Assign Settlement Profile:
  
  Ensure that the settlement profile is correctly assigned to the relevant cost object. For example, if you are working with internal orders, check the order type settings in transaction KO02 (Change Internal Order).
  
  
  
  Review Documentation:
  
  If you are unsure about the correct configuration, refer to SAP documentation or consult with your SAP CO module expert to understand the implications of the settings.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test settlement to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OKO7: To maintain settlement profiles.
  KO02: To change internal orders and check their settings.
  KOB1: To display actual line items for internal orders, which can help in troubleshooting.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the settlement profiles and related configurations.
  
  
  By following these steps, you should be able to resolve the error message ERP_CO_OLC_E033 and ensure that your settlement processes function correctly.