How To Fix 64497 - Valuation principle &1 not defined in Customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 497

• Message text: Valuation principle &1 not defined in Customizing

What causes this issue?

Valuation principle &v1& is not defined in Customizing.

System Response

Processing cannot be executed.

How to fix this error?

Define valuation principle &v1& in Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 64497 - Valuation principle &1 not defined in Customizing ?

  The SAP error message 64497, which states "Valuation principle &1 not defined in Customizing," typically occurs when the system is unable to find a specific valuation principle that is required for processing a transaction. This can happen in various modules, such as Materials Management (MM) or Controlling (CO), where valuation principles are used to determine how costs are calculated and reported.
  Cause:
  
  Missing Configuration: The valuation principle specified in the transaction is not defined in the Customizing settings of the SAP system.
  Incorrect Valuation Principle: The valuation principle being referenced may be incorrect or not applicable to the current context.
  Transport Issues: If the configuration was recently transported from another system, it may not have been properly imported or activated.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area where valuation principles are defined. For example, in MM, you can check under:
  
  Materials Management -> Valuation and Account Assignment -> Valuation -> Define Valuation Principles.
  
  
  Ensure that the valuation principle indicated in the error message is defined and correctly configured.
  
  
  
  Define Missing Valuation Principle:
  
  If the valuation principle is indeed missing, you will need to create it. This involves specifying the necessary parameters and ensuring it aligns with your business processes.
  
  
  
  Check for Transport Issues:
  
  If the configuration was recently transported, verify that the transport request was successful and that all necessary objects were included. You may need to re-import or activate the transport.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to the specific module you are working with to understand the implications of the valuation principle and how it should be configured.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through the above steps, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for Customizing, MM02 for material master changes, or CK11N for cost estimates, depending on where the error occurs.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes in the Customizing settings.
  
  By following these steps, you should be able to identify and resolve the issue related to the valuation principle in your SAP system.