How To Fix KM703 - Profit center &1/&2 not found between &3 - &4

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 703

• Message text: Profit center &1/&2 not found between &3 - &4

What causes this issue?

The profit center has not been maintained for the time interval
selected.

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 desired time interval.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM703 - Profit center &1/&2 not found between &3 - &4 ?

  The SAP error message KM703 indicates that a specified profit center (identified by &1 and &2) is not found within the specified validity period (from &3 to &4). This error typically occurs in the context of controlling (CO) or financial accounting (FI) when trying to post a transaction or perform an operation that requires a valid profit center.
  Cause:
  
  Profit Center Not Created: The profit center you are trying to use has not been created in the system.
  Incorrect Validity Dates: The profit center may exist, but the validity dates for the profit center do not cover the date of the transaction you are trying to post.
  Data Entry Error: There may be a typo or incorrect entry in the profit center field.
  Master Data Issues: The profit center might have been deleted or marked for deletion in the master data.
  
  Solution:
  
  
  Check Profit Center Existence:
  
  Go to the transaction code KE53 (Display Profit Center) or KE52 (Change Profit Center) to verify if the profit center exists.
  Ensure that the profit center is active and not marked for deletion.
  
  
  
  Verify Validity Dates:
  
  Check the validity dates of the profit center. You can do this in the profit center master data. Ensure that the date of the transaction falls within the validity period of the profit center.
  
  
  
  Correct Data Entry:
  
  Double-check the profit center code entered in the transaction. Ensure there are no typos or incorrect entries.
  
  
  
  Create or Update Profit Center:
  
  If the profit center does not exist, you may need to create it using transaction code KE51 (Create Profit Center).
  If the profit center exists but is inactive or has incorrect validity dates, update it accordingly.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the profit center or its validity, consult with your finance or controlling team to ensure you are using the correct profit center.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  KE51: Create Profit Center
  KE52: Change Profit Center
  KE53: Display Profit Center
  
  
  Profit Center Accounting: Understanding how profit centers are used in SAP for internal reporting and performance measurement can help in troubleshooting related issues.
  Master Data Management: Regularly review and maintain master data to avoid such errors in the future.
  
  By following these steps, you should be able to resolve the KM703 error and ensure that the profit center is correctly set up for your transactions.