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

SAP Error Message - Details

• 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

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Smart SAP Assistant

• What is the cause and solution for SAP error message FBV_CUST001 - No valuation variant with accounting principle &1 exists ?

  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 create it.
  
  
  
  Create or Modify Valuation Variant:
  
  If the valuation variant is missing, you can create a new one by using the transaction code OAVV.
  Ensure that you assign the correct accounting principle to the valuation variant.
  
  
  
  Assign Valuation Variant to Company Code:
  
  Make sure that the valuation variant is assigned to the relevant company code. This can be done in the configuration settings for Asset Accounting.
  
  
  
  Check Accounting Principles:
  
  Ensure that the accounting principles are correctly defined and that they correspond to the valuation variants you have set up.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidelines related to your version of SAP and the configuration of valuation variants.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAVV: Define Valuation Variants for Asset Accounting.
  OBY6: Define Accounting Principles.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  
  Testing: After making changes, perform a test transaction to ensure that the error is resolved.
  
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary changes to resolve it.