How To Fix OK016 - Set indicator "current data", "version data" or "standard structure"

OK016 - Overview

• Message type: E = Error

• Message class: OK - Logical database PS

• Message number: 016

• Message text: Set indicator "current data", "version data" or "standard structure"

What causes this issue?

You have not set any of the indicators for logical origin of data on
the selection screen.

System Response

The system cannot select any data from the logical database.

How to fix this error?

Set one of the following indicators:
<LS>current data</>
<LS>version data</>
If you want to select version data, you must also enter one or more
versions to be selected.
<LS>standard structure</>

Error message extract from SAP system. Copyright SAP SE.

OK016 - Details

• The SAP error message OK016 typically occurs in the context of working with the SAP Controlling (CO) module, particularly when dealing with cost center accounting or internal orders. This error indicates that the system requires you to set a specific indicator for the data you are trying to process, such as "current data," "version data," or "standard structure."
  
  Cause:
  The error message OK016 is triggered when:
  
  You are trying to execute a transaction or report that requires a specific data indicator to be set, but it has not been configured correctly.
  The system is unable to determine which version of the data (current, version, or standard) should be used for the operation you are attempting.
  
  
  Solution:
  To resolve the OK016 error, you can follow these steps:
  
  
  Check the Transaction or Report Settings:
  
  Ensure that you are in the correct transaction or report that requires the data indicator.
  Look for options or settings that allow you to specify the data