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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message KN346 - There are no cost component groups in this currency ?

  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 code: SPRO).
  Navigate to Controlling > Product Cost Controlling > Cost Object Controlling > Define Cost Component Structure.
  Ensure that cost component groups are defined for the currency in question. If they are not, you will need to create them.
  
  
  
  Check Currency Settings:
  
  Verify that the currency used in the transaction matches the currencies for which cost component groups are defined.
  You can check the currency settings in the material master (Transaction code: MM03) or in the relevant cost center or internal order.
  
  
  
  Review Master Data:
  
  Ensure that the relevant master data (material master, cost center, etc.) is correctly set up and that all necessary fields are filled out.
  Check if the cost component structure is assigned to the relevant material or cost object.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on configuring cost component groups and handling currency-related issues.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SPRO: For configuration settings.
  MM03: To view material master data.
  CK11N: For creating a cost estimate.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for specific notes in the SAP Support Portal.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to cost component groups and related configurations.
  
  
  By following these steps, you should be able to resolve the KN346 error and ensure that your cost component groups are correctly configured for the currencies you are working with.