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

SAP Error Message - Details

• 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 configuration.
  
  
  
  Create or Modify Valuation Class:
  
  If the valuation class is missing, you can create it by navigating to the appropriate configuration settings in the SAP IMG (Implementation Guide).
  Ensure that the valuation class is linked to the correct account determination settings.
  
  
  
  Review Material Master Data:
  
  Use transaction code MM03 to display the material master record and verify the valuation class assigned to the material.
  If the valuation class is incorrect, you can change it using transaction code MM02.
  
  
  
  Check for Transport Issues:
  
  If the valuation class was recently created or modified, ensure that the changes have been transported correctly to the relevant system (e.g., from development to production).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your organization's configuration.
  
  
  
  Related Information:
  
  Valuation Class: This is a key component in SAP that determines how materials are valued and how they are linked to the general ledger accounts.
  Account Determination: The valuation class is used in conjunction with the account determination process to ensure that financial postings are made to the correct accounts.
  Material Master: The material master record contains all the information related to a material, including its valuation class, which is crucial for inventory valuation and financial reporting.
  
  If the issue persists after following these steps, it may be necessary to involve your SAP Basis or functional team for further investigation.