How To Fix KD071 - Enter a cost type (joint venture)

SAP Error Message - Details

• Message type: E = Error

• Message class: KD - CO Settlement

• Message number: 071

• Message text: Enter a cost type (joint venture)

What causes this issue?

You have entered a derivation rule for the cost type, which requires
youto enter such a cost type in this distribution rule. The cost type
is used in joint venture accounting.

System Response

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

How to fix this error?

Enter a cost type.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KD071 - Enter a cost type (joint venture) ?

  The SAP error message KD071, which states "Enter a cost type (joint venture)," typically occurs in the context of joint venture accounting within SAP. This error indicates that the system requires a cost type to be specified for the joint venture transaction you are trying to process.
  Cause:
  
  Missing Cost Type: The most common cause of this error is that the cost type field is left blank when entering data related to joint ventures.
  Configuration Issues: There may be configuration issues in the joint venture accounting settings that prevent the system from recognizing valid cost types.
  Data Entry Errors: Users may inadvertently skip the cost type field or enter invalid data that the system cannot process.
  
  Solution:
  
  Enter a Cost Type: Ensure that you enter a valid cost type in the relevant field when processing the joint venture transaction. The cost type should correspond to the type of costs you are dealing with in the joint venture.
  Check Configuration: Review the configuration settings for joint venture accounting in SAP. Ensure that the cost types are properly defined and linked to the relevant joint venture structures.
  Validate Data Entry: Double-check your data entry to ensure that all required fields are filled out correctly and that there are no typos or omissions.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the joint venture accounting module and the required fields for transactions.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes related to joint venture accounting, such as CJ20N (Project Builder) or KJH1 (Joint Venture Accounting).
  SAP Notes: Check SAP Notes for any known issues or patches related to the KD071 error message. SAP Notes can provide additional context or solutions for specific scenarios.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to enter data in the joint venture accounting module, as restrictions may lead to incomplete data entry.
  Training and Support: If the issue persists, consider reaching out to your SAP support team or consulting with a specialist who has expertise in joint venture accounting within SAP.
  
  By following these steps, you should be able to resolve the KD071 error and successfully process your joint venture transactions.