How To Fix KV007 - No target cost versions selected

SAP Error Message - Details

• Message type: E = Error

• Message class: KV - Variance Analysis for Cost Centers and Cost Objects

• Message number: 007

• Message text: No target cost versions selected

What causes this issue?

You have turned on the <LS>Selected target cost versions</> indicator,
but you did not select any <DS:GLOS.target_cost_version>target cost
versions</>.

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?

Turn on the <LS>All target cost versions</> indicator, or choose
<LS>Extras -> Set versions</> and specify one or more target cost
versions.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KV007 - No target cost versions selected ?

  The SAP error message KV007 ("No target cost versions selected") typically occurs in the context of cost planning or cost version management within the SAP system, particularly in the Controlling (CO) module. This error indicates that the system could not find any target cost versions that meet the criteria specified in the transaction or process you are attempting to execute.
  Causes:
  
  No Cost Versions Defined: There may not be any cost versions defined in the system for the relevant controlling area or for the specific planning scenario you are working with.
  Selection Criteria: The selection criteria you have specified may not match any existing cost versions. This could be due to incorrect parameters or filters applied during the selection process.
  Authorization Issues: You may not have the necessary authorizations to view or access the cost versions that exist in the system.
  Inactive Cost Versions: The cost versions that exist may be inactive or not available for the current planning period.
  
  Solutions:
  
  Check Cost Versions: Go to the relevant transaction (e.g., KP06 for cost planning) and check if there are any cost versions defined. You can do this by navigating to the cost version management area in SAP.
  Create or Activate Cost Versions: If no cost versions exist, you may need to create a new cost version. If there are existing versions that are inactive, you may need to activate them.
  Review Selection Criteria: Ensure that the selection criteria you are using to filter cost versions are correct. Double-check the controlling area, version number, and any other parameters.
  Authorization Check: Verify that you have the necessary authorizations to access the cost versions. You may need to consult with your SAP security team if you suspect authorization issues.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on managing cost versions and resolving related issues.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KP06 (Cost Planning), KP26 (Activity Type Planning), and KSV5 (Display Cost Version).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  If the problem persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Controlling.