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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message KZ034 - No valuation areas are assigned to company code & (T001K) ?

  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 assigned to the company code.
  If not, you need to assign the appropriate valuation area to the company code.
  
  
  
  Check Material Master Data:
  
  If the error occurs during material transactions, check the material master data for the relevant materials.
  Ensure that the valuation area is correctly specified in the material master record.
  
  
  
  Review Configuration in Controlling (CO):
  
  Navigate to SPRO > Controlling > Cost Element Accounting > Master Data > Cost Elements > Define Cost Elements.
  Ensure that the cost elements are properly configured and linked to the valuation area.
  
  
  
  Transport Requests:
  
  If changes were made in a development environment, ensure that the transport requests are moved to the production environment.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for additional guidance on valuation areas and company code assignments.
  
  
  
  Related Information:
  
  Valuation Area: In SAP, a valuation area can be a plant or a company code, depending on the configuration. It is essential for determining how materials are valued and how costs are tracked.
  Company Code: A company code is the smallest organizational unit in financial accounting for which a complete self-contained set of accounts can be drawn up.
  Transaction Codes: You may use transaction codes like OBY6 (for company code settings) and MM01 (for material master creation) to navigate directly to relevant settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional consultant for further investigation.