How To Fix KN346 - There are no cost component groups in this currency

KN346 - Overview

• Message type: E = Error

• Message class: KN - Reporting for Costing

• Message number: 346

• Message text: There are no cost component groups in this currency

What causes this issue?

The system cannot find any data for the cost component groups in the
selected currency.

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?

If you want to evaluate cost component groups in the controlling area
currency, you must go into Customizing and activate the cost component
split in the controlling area.

Error message extract from SAP system. Copyright SAP SE.

KN346 - Details

• The SAP error message KN346, which states "There are no cost component groups in this currency," typically occurs in the context of cost accounting or when dealing with product costing in SAP. This error indicates that the system cannot find any cost component groups defined for the specified currency in the relevant configuration.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that there are no cost component groups defined for the currency being used in the transaction. Cost component groups are essential for determining how costs are broken down and reported in different currencies.
  Currency Mismatch: The currency used in the transaction may not match the currencies for which cost component groups have been defined.
  Master Data Issues: There may be issues with the master data setup, such as missing or incorrect entries in the material master or cost center master data.
  
  
  Solution:
  
  
  Define Cost Component Groups:
  
  Go to the configuration settings in SAP (Transaction