Profit center does not exist for date SAP

Create profit center in SAP

While creating a Cost Center in SAP, the issue KM701 Profit Center does not exist might arise or, simply, looking how to create a Profit Center ? Or trying to use an inactive Profit Center, but getting the error KM738 Profit center saved in inactive status (see below for this last error) ?

If facing the issue KM701 Profit center does not exist, the Performance Assistant give a direct link to the transaction

Otherwise, it is possible to go to transaction code KE51, or, in the SAP menu, go to Accounting > Controlling > Profit Center Accounting > Master Data > Profit Center > Individual Processing > KE51 Create

In the main screen, enter the requested Profit Center code, the corresponding Controlling Area, and press enter or copy from an existing Profit Center

Profit center not found in controlling area

Basic data needs a period (from when it should be valid to when it should be invalid, last date being by default forever), a name, a person responsible, and a Profit Center Group, to be chosen from the Profit Center hierarchy.

Save it and the following information box will appear, saying that the Profit Center has been created but is currently inactive

See the description of that information message. The Profit center is inactive and has to be activated.

Open the corresponding Profit Center in KE52, and click on the Activate icon :

Profit center should have been saved, and is now ready to be used for a Cost Center.

Intro to SAP HANA for Non-Techies in video