How To Fix FBV_CUST001 - No valuation variant with accounting principle &1 exists

FBV_CUST001 - Overview

• Message type: E = Error

• Message class: FBV_CUST - Messages for Balance Sheet Valuation Customizing

• Message number: 001

• Message text: No valuation variant with accounting principle &1 exists

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

FBV_CUST001 - Details

• The SAP error message FBV_CUST001 indicates that there is no valuation variant associated with the specified accounting principle in the system. This error typically occurs in the context of financial accounting, particularly when dealing with asset accounting or when trying to post transactions that require a valuation variant.
  
  Cause:
  
  Missing Valuation Variant: The primary cause of this error is that the valuation variant for the specified accounting principle has not been defined in the system.
  Incorrect Configuration: The configuration settings for the valuation variant may be incomplete or incorrect.
  Wrong Accounting Principle: The accounting principle being referenced may not be correctly set up or may not correspond to any existing valuation variant.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Valuation Variants:
  
  Go to the SAP transaction code OAVV (for Asset Accounting) or OBY6 (for General Ledger).
  Verify if the valuation variant for the specified accounting principle exists. If it does not, you will need to