How To Fix KK496 - No price exists in the planning currency

SAP Error Message - Details

• Message type: E = Error

• Message class: KK -

• Message number: 496

• Message text: No price exists in the planning currency

What causes this issue?

There is no price in plan currency &v1& for the material item you
entered.

How to fix this error?

Enter the item again or
Press ENTER
The price of the matertial is set to zero.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KK496 - No price exists in the planning currency ?

  The SAP error message KK496: No price exists in the planning currency typically occurs in the context of controlling (CO) and product costing when you are trying to execute a transaction that requires a price in the planning currency, but no price has been defined for the relevant cost object (such as a cost center, internal order, or product).
  Cause:
  
  
  Missing Price Data: The primary cause of this error is that there is no price maintained for the relevant cost object in the planning currency. This can happen if:
  
  The price has not been set up in the system.
  The price has been set up but is not valid for the period you are trying to execute the transaction.
  The price is defined in a different currency and not converted to the planning currency.
  
  
  
  Incorrect Configuration: There may be issues with the configuration of the controlling area or the master data related to the cost object.
  
  
  Data Migration Issues: If data was migrated from another system, there may have been issues in transferring the price data.
  
  
  Solution:
  
  
  Maintain Price Data:
  
  Go to the relevant transaction to maintain prices (e.g., transaction code CK11N for material cost estimates or KP26 for activity prices).
  Ensure that the price is maintained for the relevant cost object in the planning currency.
  
  
  
  Check Validity Period:
  
  Verify that the price is valid for the period in which you are trying to execute the transaction. If the price is only valid for a specific period, you may need to adjust the date or maintain a new price.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the controlling area to ensure that everything is set up correctly. This includes verifying the settings for the planning version and the currency settings.
  
  
  
  Currency Conversion:
  
  If the price exists in another currency, ensure that the currency conversion settings are correctly configured so that the system can convert the price to the planning currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your system configuration and version.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  CK11N: Create Material Cost Estimate
  KP26: Change Activity Price
  KP05: Change Plan Activity Prices
  KKS1: Create Cost Center Planning
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to maintain prices and execute the relevant transactions.
  
  
  By following these steps, you should be able to resolve the KK496 error and ensure that the necessary price data is available in the planning currency.