How To Fix KZ034 - No valuation areas are assigned to company code & (T001K)

KZ034 - Overview

• Message type: E = Error

• Message class: KZ - Cost Object Repetitive Mfg / Process Mfg

• Message number: 034

• Message text: No valuation areas are assigned to company code & (T001K)

What causes this issue?

You assigned the cost object ID to company code &v1&. No valuation
areas were defined for this company code.
Material valuation is based on the valuation area.

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?

Inform your system administrator.

Error message extract from SAP system. Copyright SAP SE.

KZ034 - Details

• The SAP error message KZ034 indicates that there are no valuation areas assigned to the specified company code in the system. This is a common issue that can arise in the context of controlling (CO) and financial accounting (FI) modules, particularly when dealing with cost accounting and material valuation.
  
  Cause:
  The error occurs when:
  
  The company code specified does not have any valuation areas assigned to it.
  The configuration for the valuation area in the system is incomplete or incorrect.
  The valuation area is not defined in the system or is not linked to the company code.
  
  
  Solution:
  To resolve the KZ034 error, follow these steps:
  
  
  Check Valuation Area Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Enterprise Structure > Definition > Financial Accounting > Define Company Code.
  Ensure that the valuation area is defined and linked to the company code.
  
  
  
  Assign Valuation Areas:
  
  In the same configuration path, check if the valuation area is