How To Fix 64498 - Valuation class &1 does not exist (&2, &3, &4)

64498 - Overview

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 498

• Message text: Valuation class &1 does not exist (&2, &3, &4)

What causes this issue?

No valuation classes were found.
A valuation class was found. This valuation class is not, however,
defined in the system.

System Response

Processing is terminated.

How to fix this error?

Check your system settings (Treasury Management --> Securities -->
Transaction and Position Management --> Functions --> Accounting -->
Valuation). If necessary, define the missing valuation class.
Check the valuation parameters for the product type in the company
code: (Treasury Management --> Securities --> Transaction and Position
Management --> Basic Settings --> Product Type Control --> Maintain
accounting/cash mgmt data).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 64498 - Valuation class &1 does not exist (&2, &3, &4) ?

  The SAP error message 64498, which states "Valuation class &1 does not exist (&2, &3, &4)," typically occurs when the system is unable to find a specified valuation class in the configuration. This error is often related to material master data or inventory management processes.
  
  Cause:
  
  Missing Valuation Class: The valuation class specified in the material master record does not exist in the system. This can happen if the valuation class was deleted or never created.
  Incorrect Configuration: The valuation class may not be properly configured in the system, or there may be inconsistencies in the configuration settings.
  Data Entry Error: There might be a typo or incorrect entry in the material master data where the valuation class is specified.
  
  
  Solution:
  
  
  Check Valuation Class:
  
  Go to the transaction code OBYC (Automatic Account Determination) and check if the valuation class exists in the configuration.
  If it does not exist, you may need to create it or correct the existing