How To Fix ERP_CO_OLC_E034 - Settlement profile &1; default value for allocation structure is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: ERP_CO_OLC_E - Messages for Operative Level Costing

• Message number: 034

• Message text: Settlement profile &1; default value for allocation structure is missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ERP_CO_OLC_E034 - Settlement profile &1; default value for allocation structure is missing ?

  The SAP error message ERP_CO_OLC_E034 indicates that there is an issue with the settlement profile in the Controlling (CO) module, specifically related to the allocation structure. This error typically arises when the system cannot find a default allocation structure for the specified settlement profile.
  Cause:
  
  Missing Allocation Structure: The allocation structure that is supposed to be linked to the settlement profile is not defined or is missing in the system.
  Incorrect Configuration: The settlement profile may not be correctly configured to reference an existing allocation structure.
  Custom Development: If there are custom developments or modifications in the system, they might not be correctly handling the allocation structure.
  
  Solution:
  
  
  Check Settlement Profile Configuration:
  
  Go to the transaction code OKO7 (Settlement Profile) in SAP.
  Verify that the settlement profile in question is correctly configured.
  Ensure that an allocation structure is assigned to the settlement profile.
  
  
  
  Define Allocation Structure:
  
  If the allocation structure is missing, you can create it using transaction code OKB9 (Define Allocation Structure).
  Make sure to define the necessary characteristics and key figures that are required for your allocation structure.
  
  
  
  Assign Allocation Structure to Settlement Profile:
  
  After defining the allocation structure, return to the settlement profile configuration (OKO7) and assign the newly created allocation structure to the relevant settlement profile.
  
  
  
  Check for Customizations:
  
  If there are any custom developments or enhancements, review them to ensure they are not interfering with the standard behavior of the settlement profile and allocation structure.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test to ensure that the error no longer occurs and that the settlement process works as expected.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OKO7: Settlement Profile Configuration
  OKB9: Define Allocation Structure
  
  
  Documentation: Refer to SAP Help documentation for detailed information on settlement profiles and allocation structures in the Controlling module.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional insights.