How To Fix CRM_PRODUCT_FINANCE024 - Residual value group &1 does not exist for dist. chain &2 &3

SAP Error Message - Details

• Message type: E = Error

• Message class: CRM_PRODUCT_FINANCE - Message Class for CRM_PRODUCT_FINANCE Development Class

• Message number: 024

• Message text: Residual value group &1 does not exist for dist. chain &2 &3

What causes this issue?

In Customizing table CRMC_RESIDVLGR, no entry exists for residual value
group &v1& and distribution chain &v2& &v3&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Make the entry, or enter a valid value.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CRM_PRODUCT_FINANCE024 - Residual value group &1 does not exist for dist. chain &2 &3 ?

  The SAP error message CRM_PRODUCT_FINANCE024 indicates that there is an issue with the residual value group in the context of a distribution chain. Specifically, the error states that the residual value group specified does not exist for the given distribution chain.
  Cause:
  
  Missing Configuration: The residual value group that is being referenced in the transaction does not exist in the system for the specified distribution chain.
  Incorrect Data Entry: There may be a typo or incorrect entry in the configuration or transaction data where the residual value group is specified.
  Master Data Issues: The master data for the product or distribution chain may not be properly set up, leading to the absence of the required residual value group.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP and verify if the residual value group is defined for the specified distribution chain.
  You can check this in the customizing settings under Sales and Distribution or Product Management.
  
  
  
  Create or Update Residual Value Group:
  
  If the residual value group does not exist, you may need to create it. This can typically be done in the customizing settings.
  If it exists but is not linked to the distribution chain, you may need to update the configuration to include the necessary links.
  
  
  
  Verify Master Data:
  
  Check the master data for the product and ensure that the distribution chain is correctly set up.
  Ensure that the product is assigned to the correct residual value group.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific steps on how to configure residual value groups and distribution chains.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (to access the SAP Customizing Implementation Guide) to navigate to the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Documentation: Review the SAP Help Portal for detailed information on residual value groups and their configuration.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.