How To Fix KQ291 - No CO version exists for updated costs

SAP Error Message - Details

• Message type: E = Error

• Message class: KQ - Error Messages for Customizing Product Costing

• Message number: 291

• Message text: No CO version exists for updated costs

What causes this issue?

No <LS>CO version</> was created for the cost forecast.

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?

Create a <LS>CO version</> for the cost forecast in Customizing.

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 KQ291 - No CO version exists for updated costs ?

  The SAP error message KQ291 "No CO version exists for updated costs" typically occurs in the context of controlling (CO) when you are trying to post or update costs in a cost object (like a cost center, internal order, etc.) and the system cannot find a valid controlling version for the specified period.
  Cause:
  
  
  Missing CO Version: The primary cause of this error is that there is no controlling version defined for the period in which you are trying to post costs. This can happen if the controlling version has not been created or activated for the relevant fiscal year or period.
  
  
  Incorrect Configuration: The configuration settings for controlling may not be set up correctly, leading to the absence of a valid CO version.
  
  
  Period Locking: The period you are trying to post to may be locked for posting in the controlling module.
  
  
  Solution:
  
  
  Check CO Version Configuration:
  
  Go to the transaction code OKKP (Controlling Area: Maintain Versions).
  Verify if the controlling version exists for the relevant controlling area and fiscal year.
  If it does not exist, you may need to create a new version or activate an existing one.
  
  
  
  Create or Activate CO Version:
  
  If a version is missing, you can create a new version by using the same transaction (OKKP) and following the prompts to define the version settings.
  Ensure that the version is set to be active for the relevant periods.
  
  
  
  Check Period Status:
  
  Use transaction code OB52 to check if the period is open for posting in the controlling area.
  If the period is closed, you may need to open it for posting or adjust your posting date.
  
  
  
  Consult with Your SAP Administrator:
  
  If you are unsure about making changes to the CO version or period settings, consult with your SAP administrator or a consultant who specializes in SAP Controlling.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OKKP: Maintain CO Versions
  OB52: Open and Close Posting Periods
  KSB1: Display Actual Line Items
  KOB1: Display Actual Cost Line Items
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on controlling versions and their configuration.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  By following these steps, you should be able to resolve the KQ291 error and successfully post or update costs in your SAP system.