How To Fix KE0C056 - Currency and valuation profile &1 is not active in controlling area &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 056

• Message text: Currency and valuation profile &1 is not active in controlling area &2

What causes this issue?

In the controlling area &V2&, the currency and valuation profile &V1&
is not activated.

System Response

Profit center valuation can only be activated in CO-PA once the
parallel valuation for the controlling area has already been activated.

How to fix this error?

Activate the currency and valuation profile in controlling area &V2&.
You can find how to activate currency and valuation profiles in IMG
under "Controlling -> General Controlling -> Multiple Valuation
Approaches/Transfer Prices ->
<DS:SIMG.SIMG_ORK38KEP>Activate Parallel Valuation Methods"</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KE0C056 - Currency and valuation profile &1 is not active in controlling area &2 ?

  The SAP error message KE0C056 indicates that the currency and valuation profile specified is not active in the controlling area you are working with. This error typically arises when you are trying to perform a transaction or report that requires a specific currency and valuation profile, but that profile has not been activated for the controlling area in question.
  
  Cause:
  
  Inactive Currency and Valuation Profile: The currency and valuation profile you are trying to use is not activated for the specified controlling area.
  
  Configuration Issues: There may be a misconfiguration in the controlling area settings or the currency and valuation profiles.
  Profile Assignment: The profile may not be assigned to the controlling area correctly.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check the Currency and Valuation Profile:
  
  Go to the SAP transaction code OKKP (Controlling Area: Settings).
  Select the controlling area that is causing the issue.
  Check the assigned currency and valuation profile.
  
  
  
  Activate the Profile:
  
  If the profile