How To Fix TE042 - No active and relevant financfal objects were found

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 042

• Message text: No active and relevant financfal objects were found

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message TE042 - No active and relevant financfal objects were found ?

  The SAP error message TE042 ("No active and relevant financial objects were found") typically occurs in the context of financial transactions, particularly when dealing with financial objects such as cost centers, internal orders, or other financial entities in SAP. This error indicates that the system could not find any active financial objects that meet the criteria specified in the transaction you are trying to execute.
  Causes of TE042 Error
  
  
  Inactive Financial Objects: The financial object you are trying to use (e.g., cost center, internal order) may not be active. This can happen if the object has been deactivated or if it is not valid for the period you are working in.
  
  
  Incorrect Selection Criteria: The selection criteria you have entered may not match any existing financial objects. This could be due to incorrect input values or filters.
  
  
  Missing Authorizations: The user may not have the necessary authorizations to view or access the financial objects.
  
  
  Period Closure: The financial period you are trying to access may be closed, preventing any transactions from being processed against it.
  
  
  Configuration Issues: There may be configuration issues in the system that prevent the financial objects from being recognized.
  
  
  Solutions to TE042 Error
  
  
  Check Object Status: Verify that the financial object you are trying to use is active. You can do this by checking the status of the cost center, internal order, or other relevant financial objects in the SAP system.
  
  
  Review Selection Criteria: Double-check the selection criteria you have entered. Ensure that you are using the correct values and that they correspond to active financial objects.
  
  
  Authorization Check: Ensure that you have the necessary authorizations to access the financial objects. If not, contact your SAP security administrator to obtain the required permissions.
  
  
  Period Management: Check if the financial period is open. If the period is closed, you may need to open it or use a different period for your transaction.
  
  
  Consult Configuration: If you suspect a configuration issue, consult with your SAP configuration team to ensure that the financial objects are set up correctly in the system.
  
  
  Transaction Logs: Review transaction logs or system messages for additional details that may help identify the root cause of the issue.
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KS01 (Create Cost Center), KO01 (Create Internal Order), etc., to manage financial objects.
  SAP Notes: Check SAP Notes for any known issues or patches related to the TE042 error.
  Documentation: Refer to SAP documentation for detailed information on financial object management and troubleshooting.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.