CO466 - Valation variant does not exist for material valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: CO - PPC order processing messages

• Message number: 466

• Message text: Valation variant does not exist for material valuation

What causes this issue?

You want to create or change a material component. However, the
valuation variant required for valuating the material does not exist.

System Response

The material component cannot be created or changed.

How to fix this error?

First check which costing variant is used for calculating the planned
costs of the order/network.
Now check the valuation variant to which the costing variant refers.
Change it if necessary.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CO466 - Valation variant does not exist for material valuation ?

  The SAP error message CO466, which states "Valuation variant does not exist for material valuation," typically occurs in the context of controlling and material management when the system cannot find a valid valuation variant for the specified material. This can happen during various processes, such as when trying to perform a cost calculation or when executing a transaction that requires material valuation.
  Causes:
  
  Missing Valuation Variant: The valuation variant for the material may not have been defined in the system.
  Incorrect Configuration: The configuration settings for the valuation variant may be incorrect or incomplete.
  Material Master Data Issues: The material master record may not be properly set up, or the valuation class may not be linked to a valid valuation variant.
  Company Code or Plant Issues: The valuation variant may not be assigned to the relevant company code or plant.
  
  Solutions:
  
  
  Define Valuation Variant:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Controlling > Product Cost Controlling > Cost Object Controlling > Valuation > Define Valuation Variants.
  Ensure that a valuation variant is defined and is active.
  
  
  
  Check Material Master Data:
  
  Use transaction code MM03 to display the material master record.
  Check the accounting view to ensure that the valuation class is correctly assigned and that the valuation variant is specified.
  
  
  
  Assign Valuation Variant to Company Code/Plant:
  
  Ensure that the valuation variant is assigned to the relevant company code or plant in the configuration settings.
  This can typically be done in the same area where you define the valuation variants.
  
  
  
  Review Configuration Settings:
  
  Check if there are any specific settings or dependencies that might affect the valuation variant.
  Ensure that all necessary settings for the valuation variant are correctly configured.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any additional details or specific steps related to your version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  MM03 (Display Material)
  SPRO (SAP Project Reference Object for configuration)
  CK11N (Create Material Cost Estimate)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues or bugs related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify the valuation variants and material master data.
  
  
  By following these steps, you should be able to identify the cause of the CO466 error and implement the necessary solutions to resolve it. If the issue persists, consider reaching out to your SAP support team for further assistance.