How To Fix KM348 - No data for transfer in company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 348

• Message text: No data for transfer in company code &1

What causes this issue?

You have started the transfer of balance sheet items to Profit Center
Accounting in company code &V1&. However, this company code contains no
data for transfer from &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM348 - No data for transfer in company code &1 ?

  The SAP error message KM348 "No data for transfer in company code &1" typically occurs in the context of the SAP Controlling (CO) module, particularly when dealing with cost center accounting, internal orders, or other related financial transactions. This error indicates that there is no data available for the specified company code during a transfer process, which could be due to several reasons.
  Causes:
  
  No Transactions Recorded: There may be no transactions recorded for the specified company code in the relevant period.
  Incorrect Company Code: The company code specified in the transaction may be incorrect or does not exist in the system.
  Data Selection Criteria: The selection criteria used for the transfer may be too restrictive, leading to no data being selected.
  Period Closure: The financial period may be closed, preventing any data from being transferred.
  
  Configuration Issues: There may be configuration issues in the controlling area or company code settings that prevent data from being