How To Fix KZ307 - Variance key does not exist for cost object

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 307

• Message text: Variance key does not exist for cost object

What causes this issue?

Although the variance key you entered exists in the system, it is
intended for other object types (such as orders).

System Response

Variances on cost objects cannot be determined with this variance key.

How to fix this error?

Go into Customizing and check the variance key for variance calculation
on cost object hierarchies.
Enter a variance key in the highest node of the cost object hierarchy,
being sure to use a variance key that is intended for a cost object
hierarchy.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KZ307 - Variance key does not exist for cost object ?

  The SAP error message KZ307, which states "Variance key does not exist for cost object," typically occurs in the context of controlling (CO) when you are trying to post a variance calculation for a cost object (like a cost center, internal order, or project) that does not have a defined variance key.
  Cause:
  
  Missing Variance Key: The primary cause of this error is that the cost object you are working with does not have a variance key assigned to it. The variance key is essential for determining how variances are calculated and reported.
  Configuration Issues: There may be issues in the configuration of the controlling area or the specific cost object type that prevent the variance key from being recognized.
  Incorrect Cost Object: The cost object you are trying to use may not be set up correctly or may not be valid for the operation you are attempting.
  
  Solution:
  
  
  Check Variance Key Assignment:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to the relevant area for controlling (e.g., Cost Center Accounting, Internal Orders).
  Check if the variance key is assigned to the cost object in question. If not, you will need to assign a valid variance key.
  
  
  
  Define a Variance Key:
  
  If a variance key does not exist, you may need to create one. This can be done in the configuration settings under the relevant controlling area.
  Ensure that the variance key is properly defined with the necessary settings for how variances should be calculated.
  
  
  
  Review Cost Object Configuration:
  
  Ensure that the cost object (cost center, internal order, etc.) is correctly configured and active.
  Check if the cost object is assigned to the correct controlling area and that all necessary settings are in place.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on variance keys and their configuration.
  
  
  
  Testing:
  
  After making changes, perform a test to ensure that the error no longer occurs when processing the cost object.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OKB9: Define Variance Keys
  KS01: Create Cost Center
  KO01: Create Internal Order
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Controlling.