How To Fix FCOM_PLANNING_CORE035 - Cost element &1 does not exist in fiscal year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FCOM_PLANNING_CORE - Messages for Package FCOM_PLANNING_CORE

• Message number: 035

• Message text: Cost element &1 does not exist in fiscal year &2

What causes this issue?

Cost element &V1& is not valid in any period of fiscal year &V2&.

System Response

You have entered invalid master data or referenced invalid master data
that the system cannot process. Depending on where this occurred, the
system prevents you from entering the data, prevents you from navigating
further, or prevents further processing.

How to fix this error?

Correct your entries for the cost element or create the cost element.

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 FCOM_PLANNING_CORE035 - Cost element &1 does not exist in fiscal year &2 ?

  The SAP error message FCOM_PLANNING_CORE035 indicates that a specific cost element does not exist in the specified fiscal year. This error typically arises during planning or budgeting processes in SAP, particularly when working with cost elements in financial planning modules.
  Cause:
  
  Cost Element Not Created: The cost element you are trying to use has not been created for the specified fiscal year.
  Fiscal Year Variant: The fiscal year variant assigned to the cost element may not include the specified fiscal year.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing entries for the cost element in the target fiscal year.
  Configuration Issues: There may be configuration issues in the controlling area or the cost element master data.
  
  Solution:
  
  
  Check Cost Element Master Data:
  
  Go to the transaction code KA03 (Display Cost Element) and check if the cost element exists for the specified fiscal year.
  If it does not exist, you may need to create it using transaction code KA01 (Create Cost Element).
  
  
  
  Verify Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to the cost element includes the fiscal year in question. You can check this in the configuration settings under Financial Accounting (FI) > Financial Accounting Global Settings (New) > Fiscal Year > Define Fiscal Year Variants.
  
  
  
  Review Planning Settings:
  
  Check the planning settings in the controlling area to ensure that the cost element is included in the planning version you are using.
  
  
  
  Data Consistency Check:
  
  If data migration is involved, perform a consistency check to ensure that all necessary data has been migrated correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be affecting the cost element.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  KA01: Create Cost Element
  KA03: Display Cost Element
  OKB9: Define Cost Element Groups
  
  
  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 the user has the necessary authorizations to access and modify cost element data.
  
  By following these steps, you should be able to identify the cause of the error and implement the appropriate solution. If the issue persists, consider reaching out to your SAP support team for further assistance.