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SAP how to create a profit center – solve issue profit center does not exist

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) ?

SAP how to create a profit center - solve issue profit center does not exist : Error during cost center creation
Error during cost center creation

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

SAP how to create a profit center - solve issue profit center does not exist : Error description in performance assistant
Error description in performance assistant

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

SAP how to create a profit center - solve issue profit center does not exist : KE51 in SAP menu
KE51 in SAP menu

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

SAP how to create a profit center - solve issue profit center does not exist : Profit Center creation main screen
Profit Center creation main screen

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.

SAP how to create a profit center - solve issue profit center does not exist : Profit Center creation basic data entry
Profit Center creation basic data entry

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

SAP how to create a profit center - solve issue profit center does not exist : Information message profit center saved in inactive status
Information message profit center saved in inactive status

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

SAP how to create a profit center - solve issue profit center does not exist : Performance assistant detailed error description
Performance assistant detailed error description

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

SAP how to create a profit center - solve issue profit center does not exist : SAP how to create a profit center - solve issue profit center does not exist : Profit center activation
Profit center activation

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

SAP how to create a profit center - solve issue profit center does not exist : Profit center saved
Profit center saved