How To Fix 64499 - Default valuation class not found for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 499

• Message text: Default valuation class not found for company code &1

What causes this issue?

You have to define a valuation class for a company code in a valuation
area.

System Response

Processing is terminated.

How to fix this error?

Define the valuation class in the company code in the system settings.
Choose Treasury Management --> Securities --> Transaction and Position
Management --> Functions --> Accounting --> Valuation --> Assign
company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 64499 - Default valuation class not found for company code &1 ?

  The SAP error message "64499 Default valuation class not found for company code &1" typically occurs when the system is unable to find a default valuation class for a specific company code in the configuration settings. This can happen during various processes, such as when creating or posting a material document, or when trying to perform inventory valuation.
  Cause:
  
  Missing Configuration: The valuation class for the material type is not defined in the system for the specified company code.
  Incorrect Material Type: The material type being used may not have a valuation class assigned to it.
  Company Code Settings: The company code may not be properly configured to use the valuation class.
  Master Data Issues: The material master record may not have the necessary valuation data set up.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Material Master Data:
  
  Go to transaction code MM03 (Display Material) and check the material master record for the relevant material.
  Ensure that the valuation class is correctly assigned in the Accounting view.
  
  
  
  Define Valuation Class:
  
  Go to transaction code OBYC (Automatic Postings) and check the configuration for the valuation class.
  Ensure that the valuation class is defined and linked to the appropriate account determination settings.
  
  
  
  Check Material Type Configuration:
  
  Go to transaction code OMS2 (Define Material Types) and verify that the material type has a valuation class assigned.
  If necessary, assign a default valuation class to the material type.
  
  
  
  Company Code Configuration:
  
  Ensure that the company code is properly set up to use the valuation class. This can be checked in the configuration settings for the company code.
  
  
  
  Create or Update Valuation Class:
  
  If the valuation class does not exist, you may need to create it in the system. This can be done in the configuration settings under the relevant module (e.g., Materials Management).
  
  
  
  Check for Transport Issues:
  
  If the issue arose after a transport, ensure that all necessary configuration settings were transported correctly.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  MM03: Display Material Master
  OBYC: Automatic Postings
  OMS2: Define Material Types
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring valuation classes and material types.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to valuation classes and company codes.
  
  By following these steps, you should be able to identify and resolve the cause of the error message 64499 in SAP.