How To Fix KV035 - Target cost version & not defined. Check your entry

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 035

• Message text: Target cost version & not defined. Check your entry

What causes this issue?

You have entered a <DS:GLOS.target_cost_version>target cost version</>
that is not defined in the system.

System Response

The system cannot calculate variances with target cost version &v1&.

How to fix this error?

Enter a valid target cost version, or go into Customizing and define
target cost version &v1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KV035 - Target cost version & not defined. Check your entry ?

  The SAP error message KV035, which states "Target cost version & not defined. Check your entry," typically occurs in the context of controlling and cost management within SAP. This error indicates that the system cannot find a target cost version that you are trying to use in your transaction or process.
  Cause:
  
  Undefined Target Cost Version: The target cost version you are trying to use has not been defined in the system.
  Incorrect Entry: There may be a typo or incorrect entry in the field where the target cost version is specified.
  Configuration Issues: The configuration settings for cost versions may not be properly set up in the system.
  Authorization Issues: The user may not have the necessary authorizations to access the specified cost version.
  
  Solution:
  
  
  Check the Target Cost Version:
  
  Verify that the target cost version you are trying to use is correctly defined in the system. You can do this by navigating to the relevant configuration settings in SAP.
  Use transaction code OKKP (for controlling area settings) or OKTZ (for cost version settings) to check if the target cost version exists.
  
  
  
  Define the Target Cost Version:
  
  If the target cost version is not defined, you can create it by going to the configuration settings and defining a new cost version.
  Ensure that you assign the correct controlling area and other relevant parameters.
  
  
  
  Check for Typos:
  
  Double-check the entry for any typographical errors. Ensure that the target cost version is entered correctly in the relevant field.
  
  
  
  Review Authorizations:
  
  Ensure that the user has the necessary authorizations to access the target cost version. If not, contact your SAP security administrator to grant the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for additional guidance on managing cost versions and resolving related errors.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OKKP: Controlling Area Settings
  OKTZ: Cost Version Settings
  KKS1: Product Cost by Order
  CK11N: Create Cost Estimate with Quantity Structure
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for relevant notes in the SAP Support Portal.
  
  
  Training and Documentation: Consider reviewing training materials or documentation related to SAP Controlling (CO) and cost management to better understand how target cost versions work.
  
  
  By following these steps, you should be able to resolve the KV035 error and ensure that your target cost version is correctly defined and accessible in SAP.