No cost centers could be selected for collective processing

What causes this issue?

No cost centers were selected.
This can have the following causes:
No cost centers were found for the selection criteria you specified.
Cost centers were selected but you are not authorized to use the
selected processing type.
Cost centers were selected but these are currently locked by other
users.
You can find a list of all messages by choosing "Goto -> Messages"

System Response

The data is not processed further.

How to fix this error?

Check the entered selection criteria, have your authorizations checked,
or wait until the other users have completed their processing.

Error message extract from SAP system. Copyright SAP SE.