How To Fix KF029 - No layered price exists for controlling object "&1"

KF029 - Overview

• Message type: E = Error

• Message class: KF -

• Message number: 029

• Message text: No layered price exists for controlling object "&1"

What causes this issue?

The transfer of prices (split across cost components) is activated for
allocating activities to CO-PA. However, no split price exists for
object "&V1&".
It may be that the transfer of split prices was activated AFTER the
prices were determined as opposed to BEFORE.

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?

Execute price calculation for the affected objects first before
performing the transfer.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

KF029 - Details

• The SAP error message KF029 "No layered price exists for controlling object '&1'" typically occurs in the context of controlling (CO) when you are trying to execute a transaction that requires a price or cost estimate for a specific controlling object, such as a cost center, internal order, or project. This error indicates that the system cannot find a valid layered price for the specified controlling object.
  
  Cause:
  
  Missing Layered Price: The most common cause is that there is no layered price defined for the controlling object in question. Layered prices are used in various CO transactions to determine costs based on different layers of pricing.
  Incorrect Configuration: The configuration for the controlling area or the specific object may not be set up correctly, leading to the absence of a layered price.
  Data Not Updated: The necessary data may not have been updated or maintained in the system, which can happen if the price