Profit center & does not exist

What causes this issue?

You want to use profit center &V1& in automatic account assignment, but
this profit center does not exist.

System Response

The system does not accept your entry.

How to fix this error?

The activities you need to carry out depend on the system in which you
are working:
<ZH>Production system:</>
Correct your entry or create profit center &V1&.
<ZH>Test system:</>
If you want to transport the automatic account assignments into the
production system at a later date but do not want to create all the
cost centers required there, then you can deactivate this message in
the test system or change it to a warning or information message.
If you do so, you are responsible for ensuring that the cost center you
enter exists in the production system and can be posted to as required.
If, however, you also create the cost center in the test system, all
the necessary checks are carried out here.
To change the message type, access the IMG and choose "General
Controlling" -> "Change Message Control". Enter the message ID (KI).
You can now create a new entry for the message number 623 that deviates
from the standard message type.
-> <DS:TRAN.OBA5>Message Control</>

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.