How To Fix KK707 - Cost estimate could not be revalued. See error log

SAP Error Message - Details

• Message type: E = Error

• Message class: KK -

• Message number: 707

• Message text: Cost estimate could not be revalued. See error log

What causes this issue?

The cost estimate could not be revaluated because errors occurred.

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?

Please display the error log (GOTO menu option) and correct the
errors listed there.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KK707 - Cost estimate could not be revalued. See error log ?

  The SAP error message KK707, which states "Cost estimate could not be revalued. See error log," typically occurs during the revaluation of cost estimates in the Controlling (CO) module, particularly when dealing with product costing. This error indicates that there was an issue during the revaluation process, and the system was unable to complete the operation.
  Causes of Error KK707
  
  Missing or Incorrect Data: The cost estimate may be missing required data or may contain incorrect data that prevents revaluation.
  Locked Objects: The cost estimate or related objects may be locked by another user or process, preventing the revaluation from being completed.
  Configuration Issues: There may be configuration issues in the controlling area or in the cost estimate settings that need to be addressed.
  Currency Issues: If there are currency conversion issues or if the currency settings are not properly configured, this can lead to revaluation failures.
  Costing Variants: The costing variant used may not be set up correctly or may not be compatible with the current cost estimate.
  Master Data Issues: Problems with master data, such as material master records or cost center data, can also lead to this error.
  
  Solutions to Error KK707
  
  Check the Error Log: The first step is to check the error log for more detailed information about what caused the revaluation to fail. This can provide specific error messages or codes that can guide troubleshooting.
  Review Cost Estimate Data: Ensure that all required fields in the cost estimate are filled out correctly and that there are no inconsistencies in the data.
  Unlock Objects: If the cost estimate or related objects are locked, coordinate with other users to unlock them or wait until the lock is released.
  Verify Configuration: Review the configuration settings in the controlling area and ensure that they are set up correctly for the cost estimate process.
  Check Currency Settings: Ensure that the currency settings are correct and that there are no discrepancies in currency conversion rates.
  Review Costing Variants: Check the costing variant used for the cost estimate and ensure it is configured correctly for the intended purpose.
  Validate Master Data: Ensure that all relevant master data (e.g., material master, cost center) is accurate and up to date.
  
  Related Information
  
  Transaction Codes: You may use transaction codes like CK11N (Create Cost Estimate) or CK24 (Revaluate Cost Estimate) to work with cost estimates.
  SAP Notes: Check for any relevant SAP Notes that may address known issues related to this error.
  Documentation: Refer to SAP documentation for detailed information on cost estimation and revaluation processes.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the underlying issue causing the KK707 error in SAP.