How To Fix KN101 - Target cost version $ does not exist in controlling area $

KN101 - Overview

• Message type: E = Error

• Message class: KN - Reporting for Costing

• Message number: 101

• Message text: Target cost version $ does not exist in controlling area $

What causes this issue?

You specified a target version for the target/actual comparison that
does not exist in controlling area &v2&.

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?

RESET N1
Check whether the correct controlling area is set.
Choose a valid target cost version, or go into Customizing and define
target cost version &v1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KN101 - Target cost version $ does not exist in controlling area $ ?

  The SAP error message KN101 indicates that the target cost version specified does not exist in the controlling area you are working with. This error typically arises when trying to perform activities related to cost planning, such as creating or updating cost estimates, and the system cannot find the specified target cost version.
  
  Cause:
  
  Non-existent Target Cost Version: The target cost version you are trying to use has not been created or does not exist in the specified controlling area.
  Incorrect Controlling Area: The controlling area specified may not match the one where the target cost version is defined.
  Authorization Issues: The user may not have the necessary authorizations to access the target cost version in the specified controlling area.
  
  Configuration Issues: There may be configuration issues in the controlling area settings or in the cost version settings.
  
  
  Solution:
  
  
  Check Target Cost Version:
  
  Go to the transaction code OKT1 (Maintain Cost Versions) and verify if the target cost