How To Fix KW708 - $ $ is not fully defined in the fiscal year selected

SAP Error Message - Details

• Message type: E = Error

• Message class: KW - CO-ABC Activity-Based Costing

• Message number: 708

• Message text: $ $ is not fully defined in the fiscal year selected

What causes this issue?

The object is not fully maintained

System Response

This object cannot be edited here

How to fix this error?

Please check the definition of the object or choose another one

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KW708 - $ $ is not fully defined in the fiscal year selected ?

  The SAP error message KW708 indicates that a particular cost element or account (represented by the placeholder "$") is not fully defined for the fiscal year that has been selected in your transaction. This typically occurs in the context of controlling (CO) or financial accounting (FI) when trying to post transactions or generate reports.
  Cause:
  
  Missing Configuration: The cost element or account may not have been properly configured for the selected fiscal year. This could include missing settings for cost centers, profit centers, or other related master data.
  Fiscal Year Variant Issues: The fiscal year variant assigned to the company code or controlling area may not align with the fiscal year being referenced in the transaction.
  Inactive Cost Elements: The cost element may be inactive or not available for the specified period.
  Period Closing: The fiscal period may be closed, preventing postings to that period.
  
  Solution:
  
  
  Check Cost Element Configuration:
  
  Go to the transaction code KA03 (Display Cost Element) and verify that the cost element is correctly defined for the fiscal year in question.
  Ensure that all necessary settings (like cost center assignments) are in place.
  
  
  
  Review Fiscal Year Variant:
  
  Check the fiscal year variant assigned to your company code or controlling area using transaction code OB29. Ensure it matches the fiscal year you are trying to use.
  
  
  
  Activate Cost Elements:
  
  If the cost element is inactive, you may need to activate it. This can be done in the configuration settings for controlling.
  
  
  
  Check Period Status:
  
  Use transaction code OB52 to check the status of the posting periods. Ensure that the period you are trying to post to is open.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configuration steps related to your organization's setup.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  KA03: Display Cost Element
  OB29: Maintain Fiscal Year Variants
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that you have the necessary authorizations to view and modify cost elements and fiscal year settings.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP Basis or functional team for further investigation.