How To Fix KP299 - Object currency: Iterate amounts independently is deactivated

KP299 - Overview

• Message type: E = Error

• Message class: KP - CO-OM Planning

• Message number: 299

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

What causes this issue?

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

System Response

The prices in object currency are determined by translation from the
determined prices in the controlling area currency. The use of different
exchange rates means that the costs in the object currency are not
credited completely.

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 KP299 - Object currency: Iterate amounts independently is deactivated ?

  The SAP error message KP299, which states "Object currency: Iterate amounts independently is deactivated," typically occurs in the context of controlling (CO) and profitability analysis (CO-PA) when you are trying to perform a transaction that involves currency conversion or reporting.
  
  Cause:
  The error is caused by the configuration settings in the controlling area or the specific settings for the cost object (like cost centers, internal orders, etc.) where the system is set to not allow independent iteration of amounts in different currencies. This means that the system expects all amounts to be in the same currency or does not allow for the conversion of amounts based on the object currency.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration Settings:
  
  Go to the configuration settings for the controlling area or the specific cost object.
  Navigate to the settings related to currency handling. You may need to check the settings for "Object currency" and