How To Fix KK497 - No price exists in the transaction currency

KK497 - Overview

• Message type: E = Error

• Message class: KK -

• Message number: 497

• Message text: No price exists in the transaction currency

What causes this issue?

There is no price in transaction currency &v1& for the base object item
or the material item that you entered.

System Response

The price in transaction currency is calculated from the price in CO
area currency. The currency translation is made at the exchange rate
entered in the cost estimate header.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KK497 - No price exists in the transaction currency ?

  The SAP error message KK497: No price exists in the transaction currency typically occurs in the context of controlling (CO) when you are trying to perform a transaction that requires a price for a cost object (like a cost center, internal order, or project) in the specified transaction currency, but no price has been defined for that object in that currency.
  Causes:
  
  Missing Price Definition: The most common cause is that the price for the cost object has not been defined in the transaction currency you are using.
  Currency Conversion Issues: If the price exists in a different currency but not in the transaction currency, and there are issues with currency conversion settings, this error may occur.
  Incorrect Configuration: The configuration settings for pricing in the controlling module may not be set up correctly.
  Data Entry Errors: There may be a mistake in the data entry, such as selecting the wrong cost object or transaction