How To Fix KJ324 - Create a cost element for creation of reserves for imminent loss

SAP Error Message - Details

• Message type: E = Error

• Message class: KJ - Cost Object Controlling for Make-to-Order Production

• Message number: 324

• Message text: Create a cost element for creation of reserves for imminent loss

What causes this issue?

<DS:GLOS.results_analysis>Results analysis</> creates
<GL:reserves_for_imminent_loss>reserves for imminent loss</>. These
reserves are written under a results analysis cost element.

How to fix this error?

Create a results analysis cost element for the creation of reserves for
imminent loss.
Go into Customizing and enter the results analysis cost element in the
<DS:GLOS.results_analysis_version>results analysis version</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KJ324 - Create a cost element for creation of reserves for imminent loss ?

  The SAP error message KJ324 indicates that a cost element needs to be created for the purpose of reserving for imminent losses. This error typically arises in the context of financial accounting and controlling, particularly when dealing with provisions or reserves for anticipated losses.
  Cause:
  The error occurs when you attempt to create a reserve for imminent losses without having a corresponding cost element defined in the system. Cost elements are necessary for tracking costs in SAP, and in this case, the system requires a specific cost element to record the reserve for imminent losses.
  Solution:
  To resolve the KJ324 error, you need to create a cost element that can be used for the creation of reserves for imminent losses. Here are the steps to do this:
  
  
  Access the Cost Element Creation Transaction:
  
  Use transaction code KA01 (Create Primary Cost Element) or KA06 (Create Secondary Cost Element) depending on your requirement.
  
  
  
  Enter the Required Information:
  
  Cost Element: Enter a unique identifier for the cost element.
  Cost Element Category: Choose the appropriate category (e.g., primary or secondary).
  Description: Provide a meaningful description for the cost element (e.g., "Reserve for Imminent Losses").
  Controlling Area: Specify the controlling area where this cost element will be used.
  
  
  
  Save the Cost Element:
  
  After entering all the necessary details, save the new cost element.
  
  
  
  Retry the Original Transaction:
  
  Go back to the transaction that triggered the KJ324 error and attempt to create the reserve again.
  
  
  
  Related Information:
  
  Cost Element Categories: Understanding the different categories of cost elements (primary vs. secondary) is crucial. Primary cost elements are linked to financial accounting accounts, while secondary cost elements are used for internal cost allocation.
  Controlling Area: Ensure that the cost element is created in the correct controlling area, as this can affect reporting and cost tracking.
  Documentation: Refer to SAP documentation or your organization's internal guidelines for creating cost elements and managing reserves.
  
  If you continue to experience issues after creating the cost element, it may be beneficial to consult with your SAP support team or a financial consultant familiar with your organization's SAP configuration.