How To Fix WS702 - Profit analysis requires status group and default status

SAP Error Message - Details

• Message type: E = Error

• Message class: WS - Supplier Billing Document

• Message number: 702

• Message text: Profit analysis requires status group and default status

Self-Explanatory Message

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• What is the cause and solution for SAP error message WS702 - Profit analysis requires status group and default status ?

  SAP Error Message:
  WS702 - Profit analysis requires status group and default status
  
  
  Cause:
  This error occurs in SAP Controlling (CO-PA) when you try to activate or process profit analysis data, but the system finds that the status group and default status are not maintained or assigned properly in the system configuration.
  
  Status group and default status are essential for controlling the lifecycle and processing status of profitability segments or profit analysis data.
  Without these settings, the system cannot correctly manage the status of profit analysis records, leading to the WS702 error.
  
  
  When does it occur?
  
  During activation or update of Profitability Analysis (CO-PA) data.
  When configuring or running reports that require status management.
  When the system expects status group and default status but they are missing or incorrectly configured.
  
  
  
  Solution:
  
  
  Check and maintain the status group and default status:
  
  Go to transaction KCH1 (Maintain Status Groups for Profitability Analysis).
  Verify if a status group is assigned for the relevant controlling area.
  If not,