No profit center groups exist

What causes this issue?

No profit center groups have been created yet in your system.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

When you activate Profit Center Accounting in your system, you must
create at least one profit center group: the
standard hierarchy. To do this, use the function
<DS:TRAN.KCH4>Create standard hierarchy</>.

Error message extract from SAP system. Copyright SAP SE.