How To Fix FCO_COST_RATE061 - Validity period of new cost rates is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_COST_RATE - Cost Rate Message Class

• Message number: 061

• Message text: Validity period of new cost rates is missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FCO_COST_RATE061 - Validity period of new cost rates is missing ?

  The SAP error message FCO_COST_RATE061 indicates that there is a problem with the validity period of new cost rates in the system. This error typically arises when you are trying to create or update cost rates in the system, but the required validity period (start and end dates) is not specified.
  Cause:
  
  Missing Validity Dates: The most common cause of this error is that the validity period for the new cost rates has not been defined. This means that the system does not know when the cost rates should be applicable.
  Incorrect Data Entry: There may be a mistake in the data entry process where the fields for the validity period were left blank or not filled out correctly.
  Configuration Issues: There could be issues in the configuration settings related to cost rate management that prevent the system from accepting the new rates without a validity period.
  
  Solution:
  
  Specify Validity Period: Ensure that you provide both the start and end dates for the new cost rates when creating or updating them. This can usually be done in the relevant transaction or screen where you are entering the cost rates.
  Check Data Entry: Review the data you have entered to ensure that all required fields, especially those related to the validity period, are filled out correctly.
  Review Configuration: If the issue persists, check the configuration settings in the system related to cost rate management. Ensure that the settings allow for the definition of validity periods.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the transaction or process you are working with, as there may be additional requirements or steps needed.
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes like KP26 (Change Plan Activity Prices) or KP27 (Change Plan Activity Prices) to manage cost rates.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles and Authorizations: Ensure that you have the necessary permissions to create or modify cost rates in the system, as lack of authorization can sometimes lead to unexpected errors.
  
  If you continue to experience issues after following these steps, it may be helpful to consult with your SAP support team or a functional consultant who specializes in controlling (CO) or cost management within SAP.