Cost center &/& does not exist on &.

What causes this issue?

Cost center &V2& in controlling area &V1& is not valid on &V3&, but only
after &V4&.

System Response

The system tests whether a cost center is valid as of the order or
posting date because you cannot post costs otherwise.
If the cost center is not valid, you cannot make actual postings, nor
can you create purchase orders or requisitions in commitment management.

How to fix this error?

Create the cost center.
Alternately, use a valid cost center, order, or project.
If you do not use commitment management, system indicators can serve
instead to determine that the cost center existence as of &V4& does
<ZH>not</> suffice for posting. If this is the case, use the step
<DS:SIMG.SIMG_CFMENUORK3OBA5>Change message control</> (message class
KI, message number 161).

Error message extract from SAP system. Copyright SAP SE.