How To Fix KM700 - Profit center &1/&2 does not exist for &3

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 700

• Message text: Profit center &1/&2 does not exist for &3

What causes this issue?

The profit center does not exist in master data table CEPC for the date
specified.

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?

Check your entry. If necessary, you must create the profit center
for the date required.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM700 - Profit center &1/&2 does not exist for &3 ?

  The SAP error message KM700 indicates that a specified profit center does not exist for a given controlling area. This error typically arises in the context of controlling (CO) transactions, where the system is unable to find the specified profit center in the master data.
  Cause:
  
  Non-Existent Profit Center: The profit center specified in the transaction does not exist in the system for the given controlling area.
  Incorrect Profit Center Assignment: The profit center may not be assigned to the controlling area you are working with.
  Data Entry Error: There may be a typographical error in the profit center code entered in the transaction.
  Inactive Profit Center: The profit center might exist but is inactive or has been marked for deletion.
  Missing Master Data: The necessary master data for the profit center may not have been created or activated.
  
  Solution:
  
  Verify Profit Center: Check the profit center code entered in the transaction for any typographical errors.
  Check Master Data: Use transaction code KE53 (Display Profit Center) to verify if the profit center exists for the specified controlling area.
  Create/Activate Profit Center: If the profit center does not exist, you may need to create it using transaction code KE51 (Create Profit Center). Ensure that it is assigned to the correct controlling area.
  Check Validity: Ensure that the profit center is active and not marked for deletion. You can check this in the profit center master data.
  Consult with Configuration Team: If you are unsure about the configuration or need to create a new profit center, consult with your SAP configuration team or a functional consultant.
  
  Related Information:
  
  Transaction Codes:
  
  KE51: Create Profit Center
  KE52: Change Profit Center
  KE53: Display Profit Center
  
  
  Profit Center Accounting: Understand the role of profit centers in SAP's Controlling module, as they are essential for internal reporting and performance analysis.
  Authorization: Ensure that you have the necessary authorizations to view or create profit centers in the system.
  Documentation: Refer to SAP documentation or help files for more detailed information on profit center accounting and related transactions.
  
  By following these steps, you should be able to resolve the KM700 error and ensure that the profit center is correctly set up in your SAP system.