How To Fix KE0C010 - No currency and valuation profile has been assigned to CO area &

SAP Error Message - Details

• Message type: E = Error

• Message class: KE0C - CO-PA: Customizing checks

• Message number: 010

• Message text: No currency and valuation profile has been assigned to CO area &

What causes this issue?

Controlling area &V1& has not yet been assigned a currency and
valuation profile. You must assign a currency and valuation profile to
controlling area &V1& before you can set the active indicator to
continue profit center valuation in CO-PA.

How to fix this error?

You assign profiles to the controlling area in Customizing under
"Controlling -> General Controlling -> Multiple Valuation
Approaches/Transfer Prices -> <DS:SIMG.SIMG_ORK3SM30_WAEHR>Assign
Currency and Valuation Profile to Controlling Area</>".

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KE0C010 - No currency and valuation profile has been assigned to CO area & ?

  The SAP error message KE0C010 indicates that there is no currency and valuation profile assigned to the controlling (CO) area in question. This is a common issue that can arise when setting up or configuring the controlling area in SAP.
  Cause:
  The error occurs because the system requires a currency and valuation profile to be assigned to the controlling area to perform various controlling functions, such as cost center accounting, internal orders, and profitability analysis. If this profile is not assigned, the system cannot process transactions related to the controlling area.
  Solution:
  To resolve this error, you need to assign a currency and valuation profile to the controlling area. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Controlling -> General Controlling -> Master Data -> Maintain Controlling Area
  
  
  
  
  Select the Controlling Area:
  
  In the "Maintain Controlling Area" screen, select the controlling area that is causing the error.
  
  
  
  Assign Currency and Valuation Profile:
  
  In the details of the controlling area, look for the fields related to currency and valuation profile.
  Assign the appropriate currency and valuation profile. The currency profile typically includes the company code currency and any additional currencies you may need.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Check for Other Dependencies:
  
  Ensure that the currency and valuation profile you are assigning is correctly configured and that it meets the requirements of your organization.
  
  
  
  Related Information:
  
  Currency and Valuation Profiles: These profiles define how currencies are handled in the controlling area, including the local currency, group currency, and any additional currencies.
  Controlling Area Configuration: Proper configuration of the controlling area is crucial for accurate financial reporting and analysis.
  Transaction Codes: You can also use transaction codes like OKKP (for maintaining controlling area) to directly access the configuration screen.
  
  Additional Considerations:
  
  If you are unsure about which currency and valuation profile to assign, consult with your finance or controlling team to ensure that the correct settings are applied.
  After making changes, test the system to ensure that the error is resolved and that transactions can be processed without issues.
  
  By following these steps, you should be able to resolve the KE0C010 error and ensure that your controlling area is properly configured for currency and valuation.