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

KP298 - Overview

• 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