How To Fix KP298 - Object currency: Iterate amounts independently is activated

SAP Error Message - Details

• Message type: E = Error

• Message class: KP - CO-OM Planning

• Message number: 298

• Message text: Object currency: Iterate amounts independently is activated

What causes this issue?

For the current run of price calculation, the indicator 'Object Currency
- Iterate Amounts Independently' was activated.

System Response

The costs in object currency are iterated independently. The price in
the object currency is therefore credited to the costs in the object
currency.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KP298 - Object currency: Iterate amounts independently is activated ?

  The SAP error message KP298, which states "Object currency: Iterate amounts independently is activated," typically occurs in the context of controlling (CO) when you are trying to perform a transaction that involves cost center accounting or internal orders. This error indicates that the system is set to handle amounts in object currency (the currency of the cost object) in a specific way that may not align with the transaction you are attempting to execute.
  Cause:
  The error is caused by the configuration of the controlling area or the specific cost object (like a cost center or internal order) where the "Iterate amounts independently" option is activated. This setting means that the system expects amounts to be processed in the object currency without converting them to the controlling area currency or any other currency.
  Solution:
  To resolve this error, you can consider the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the controlling area or the specific cost object.
  Verify if the "Iterate amounts independently" option is indeed activated. If it is not necessary for your business process, you may consider deactivating it.
  
  
  
  Review Transaction Data:
  
  Ensure that the amounts you are trying to post or process are in the correct currency format and that they align with the object currency settings.
  If you are trying to post amounts in a different currency, ensure that the necessary currency conversion settings are in place.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to controlling and currency settings to understand the implications of the "Iterate amounts independently" setting.
  
  
  
  Seek Help from SAP Support:
  
  If you are unable to resolve the issue through configuration changes or data review, consider reaching out to SAP support for assistance. They can provide insights specific to your system configuration and help troubleshoot the issue.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like KP06 (Change Plan Data), KSB1 (Cost Centers: Actual Line Items), or KOB1 (Orders: Actual Line Items) to review or change relevant data.
  Documentation: SAP Help Portal and SAP Notes can provide additional context and troubleshooting steps for specific scenarios related to controlling and currency settings.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration or to post transactions in the controlling module.
  
  By following these steps, you should be able to address the KP298 error and proceed with your transactions in SAP.