How To Fix KF024 - Periodic allocations from CO-OM not possible with profit center valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: KF -

• Message number: 024

• Message text: Periodic allocations from CO-OM not possible with profit center valuation

What causes this issue?

You have executed a periodic allocation of overhead costs to CO-PA with
the receiver version &V1&. This is assigned the currency type &V2& with
profit center valuation.
You can only allocate costs according to legal valuation, not profit
center valuation.

System Response

The periodic allocation could not be executed.

How to fix this error?

Execute the allocation with a receiver version that uses currency types
10 or B0.

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 KF024 - Periodic allocations from CO-OM not possible with profit center valuation ?

  The SAP error message KF024 indicates that periodic allocations from Controlling (CO) - Overhead Management (OM) are not possible when using profit center valuation. This error typically arises when you attempt to execute a periodic allocation (such as assessments or distributions) in a scenario where the system is configured to use profit center accounting, but the necessary conditions for such allocations are not met.
  Cause of the Error
  
  Profit Center Valuation: The error occurs because the system is set to use profit center valuation, which requires specific configurations and data consistency.
  Missing or Inconsistent Data: There may be missing or inconsistent data in the master records of the cost centers, profit centers, or allocation structures.
  Allocation Structure: The allocation structure used for the periodic allocation may not be compatible with profit center valuation.
  Configuration Issues: The configuration settings in the controlling area or the allocation settings may not be correctly set up to handle profit center allocations.
  
  Solutions
  
  
  Check Configuration:
  
  Ensure that the controlling area is configured correctly for profit center accounting.
  Verify that the allocation structure is set up to support profit center valuation.
  
  
  
  Review Master Data:
  
  Check the master data for cost centers and profit centers to ensure that they are correctly assigned and that there are no inconsistencies.
  Ensure that all relevant cost centers and profit centers are active and properly maintained.
  
  
  
  Allocation Structure:
  
  Review the allocation structure used for the periodic allocation. Make sure it is compatible with profit center valuation and that it includes the necessary characteristics.
  
  
  
  Test with Different Settings:
  
  If possible, test the allocation with different settings or in a different environment to isolate the issue.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help notes related to periodic allocations and profit center accounting for additional guidance.
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  
  Related Information
  
  Transaction Codes: You may need to use transaction codes such as KSU5 (for assessments) or KSV5 (for distributions) to perform periodic allocations.
  Profit Center Accounting: Familiarize yourself with the principles of profit center accounting and how it interacts with cost allocations in SAP.
  SAP Community: Engage with the SAP Community or 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 KF024 error and implement the necessary solutions to resolve it.