How To Fix KM705 - Profit center & does not exist

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 705

• Message text: Profit center & does not exist

What causes this issue?

Profit center &V1& does not exist in any controlling area.

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, <DS:TRAN.KE51>create</> the profit center.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM705 - Profit center & does not exist ?

  The SAP error message KM705 indicates that a specified profit center does not exist in the system. This error typically occurs when you are trying to post a transaction or perform an operation that involves a profit center that has not been defined or is not active in the system.
  Cause:
  
  Non-existent Profit Center: The profit center you are trying to use has not been created in the system.
  Inactive Profit Center: The profit center exists but is marked as inactive.
  Incorrect Profit Center Assignment: The profit center may be incorrectly assigned in the master data or transaction.
  Data Entry Error: There may be a typographical error in the profit center code entered.
  
  Solution:
  
  
  Check Profit Center Master Data:
  
  Go to the transaction code KE53 (Display Profit Center) or KE52 (Change Profit Center) to verify if the profit center exists.
  If it does not exist, you will need to create it using transaction code KE51 (Create Profit Center).
  
  
  
  Activate Profit Center:
  
  If the profit center exists but is inactive, you can activate it by changing its status in the master data.
  
  
  
  Verify Transaction Data:
  
  Check the transaction you are trying to post. Ensure that the profit center is correctly assigned and that there are no typographical errors.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the profit center's validity or need to create a new one, consult with your finance or controlling team to ensure compliance with organizational policies.
  
  
  
  Check Configuration:
  
  If you have the necessary authorizations, check the configuration settings in the controlling module to ensure that the profit center is properly set up.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  KE51: Create Profit Center
  KE52: Change Profit Center
  KE53: Display Profit Center
  KSB1: Display Actual Line Items for Cost Centers
  
  
  Profit Center Accounting: This is a part of SAP's Controlling (CO) module, which allows organizations to analyze their profitability by different segments.
  Master Data Maintenance: Ensure that all relevant master data is maintained correctly to avoid such errors in the future.
  
  By following these steps, you should be able to resolve the KM705 error and ensure that the profit center is correctly set up in your SAP system.