How To Fix Fº002 - Val. type & is not defined; permitted val.types: "010" actual, "020" plan

SAP Error Message - Details

• Message type: E = Error

• Message class: Fº -

• Message number: 002

• Message text: Val. type & is not defined; permitted val.types: "010" actual, "020" plan

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message Fº002 - Val. type & is not defined; permitted val.types: "010" actual, "020" plan ?

  The SAP error message Fº002 indicates that there is an issue with the valuation type being used in a financial transaction. Specifically, it states that the valuation type you are trying to use is not defined in the system, and it lists the permitted valuation types, which are "010" for actual values and "020" for plan values.
  Cause:
  
  Undefined Valuation Type: The valuation type you are trying to use is not defined in the system configuration. This could happen if the valuation type was not set up correctly in the system or if there is a typo in the entry.
  Incorrect Configuration: The configuration settings for financial accounting or controlling may not include the valuation type you are trying to use.
  Data Entry Error: There may be a mistake in the data entry where an incorrect valuation type is being referenced.
  
  Solution:
  
  Check Valuation Type: Verify the valuation type you are trying to use. Ensure that it is either "010" (actual) or "020" (plan) as specified in the error message.
  Configuration Settings: If you need to use a different valuation type, you may need to configure it in the SAP system. This typically involves:
  
  Accessing the configuration settings in the SAP system (transaction code SPRO).
  Navigating to the relevant section for financial accounting or controlling.
  Defining the new valuation type if it is not already present.
  
  
  Consult Documentation: Review the SAP documentation or help files related to financial accounting and valuation types to ensure you are using the correct settings.
  User Authorization: Ensure that you have the necessary authorizations to access and modify the configuration settings if needed.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), OBY6 (Define Valuation Types), and others that may be useful for configuration.
  SAP Notes: Check SAP Notes for any known issues or updates related to valuation types and error messages.
  Training and Documentation: Consider reviewing training materials or documentation related to financial accounting in SAP to better understand how valuation types work and how to configure them.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.