How To Fix KV602 - Target cost version & not defined in controlling area &

KV602 - Overview

• Message type: E = Error

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

• Message number: 602

• Message text: Target cost version & not defined in controlling area &

What causes this issue?

The system requires a valid <DS:DE.AWVRS>target cost version</> to be
able to carry out the transaction. The target cost version is taken
from the <DS:DE.REFVS>reference version</> 000. However, a target cost
version has not been maintained for reference version 000 in
<DS:DE.KOKRS>controlling area</> &v2&, or the <DS:DE.AWVAR>variance
variant</> required for <DS:DE.CO_STEP_4>variance calculation</> is
missing.

System Response

Processing cannot be carried out.

How to fix this error?

To create a target cost version:
Go into the maintenance of the target cost version.
Create a <DS:DE.KAGRU>cost element group</> for the
<DS:DE.CO_STEP_2>first split</>.
If necessary, maintain a variance variant for variance calculation.

Error message extract from SAP system. Copyright SAP SE.

KV602 - Details

• The SAP error message KV602 indicates that the target cost version is not defined in the controlling area. This error typically occurs when you are trying to perform a transaction that requires a target cost version, but the system cannot find a valid configuration for that version in the specified controlling area.
  
  Cause:
  
  Missing Configuration: The target cost version you are trying to use has not been defined in the controlling area.
  Incorrect Controlling Area: The controlling area you are working with may not be set up correctly or may not match the one where the target cost version is defined.
  Version Not Activated: The target cost version may exist but is not activated for the controlling area.
  
  
  Solution:
  To resolve the KV602 error, you can follow these steps:
  
  
  Check Target Cost Version Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to Controlling (CO) > Cost Element Accounting > Master Data > Cost Version > Define Target Cost