How To Fix KM386 - No currency and valuation profile active in controlling area &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 386

• Message text: No currency and valuation profile active in controlling area &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message KM386 - No currency and valuation profile active in controlling area & ?

  The SAP error message KM386 ("No currency and valuation profile active in controlling area") typically occurs in the context of controlling (CO) when you are trying to perform a transaction that requires a currency and valuation profile, but none is defined or active for the specified controlling area.
  
  Cause:
  
  Missing Configuration: The controlling area does not have a currency and valuation profile assigned.
  Inactive Profile: The currency and valuation profile that is assigned to the controlling area is inactive or not properly configured.
  Incorrect Settings: The settings in the controlling area may not be aligned with the requirements of the transaction you are trying to execute.
  
  
  Solution:
  To resolve the KM386 error, follow these steps:
  
  
  Check Controlling Area Settings:
  
  Go to the transaction code OKKP (Controlling Area) in SAP.
  Select the relevant controlling area and check if a currency and valuation profile is assigned.
  
  
  
  Assign Currency and Valuation Profile:
  
  If no profile is assigned, you need to assign a valid currency