How To Fix J2721 - &4 No permitted cost elements in chart of accounts &1 for CO area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: J2 - Message Class for Development Class JBT

• Message number: 721

• Message text: &4 No permitted cost elements in chart of accounts &1 for CO area &2

What causes this issue?

The chart of accounts &V1& entered for the controlling area &V2& either
does not exist or no permitted cost elements have been entered in this
chart of accounts for the update of bank results to Profit Center
Accounting.
The permitted cost element categories are:
,,'01', '03', '04' and '22' (for costs)
and,,'11' and '12' (for revenues).

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The system cannot assign cost elements to the value fields for
controlling area &V1&.

How to fix this error?

Maintain the chart of accounts and cost elements in Customizing.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message J2721 - &4 No permitted cost elements in chart of accounts &1 for CO area &2 ?

  The SAP error message J2721 indicates that there are no permitted cost elements in the specified chart of accounts for the controlling area. This typically occurs when you are trying to post costs or perform a transaction that requires a cost element, but the system cannot find any valid cost elements associated with the specified chart of accounts.
  Cause:
  
  Missing Cost Elements: The cost elements that you are trying to use are not defined in the chart of accounts for the controlling area.
  Incorrect Configuration: The configuration of the controlling area or the chart of accounts may not be set up correctly.
  Inactive Cost Elements: The cost elements may exist but are inactive or not assigned to the relevant chart of accounts.
  Authorization Issues: There may be authorization issues preventing access to the cost elements.
  
  Solution:
  
  
  Check Cost Element Configuration:
  
  Go to the transaction code KA01 (Create Cost Element) or KA02 (Change Cost Element) to verify if the cost elements are defined for the relevant chart of accounts.
  Ensure that the cost elements are assigned to the correct controlling area.
  
  
  
  Verify Chart of Accounts:
  
  Use transaction code OBY6 to check the configuration of the chart of accounts and ensure that it is correctly assigned to the controlling area.
  
  
  
  Activate Cost Elements:
  
  If the cost elements are inactive, you may need to activate them or create new cost elements that are active and assigned to the chart of accounts.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the cost elements. This can be checked with the help of your SAP security team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  KA01: Create Cost Element
  KA02: Change Cost Element
  OBY6: Define Chart of Accounts
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary changes to resolve it.