How To Fix FC445 - For company code &, valuation type & is not allowed

FC445 - Overview

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 445

• Message text: For company code &, valuation type & is not allowed

What causes this issue?

You are trying to assign a currency type to the local currency which is
not allowed.

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?

Prerequisites for assignment are that
A controlling area has been assigned to the company code
A currency and valuation profile must have been defined in the
controlling area
The currency and valuation profile is active.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC445 - For company code &, valuation type & is not allowed ?

  The SAP error message FC445 indicates that there is an issue with the valuation type for a specific company code in the context of financial accounting or asset accounting. This error typically arises when you are trying to post a transaction that involves a valuation type that is not permitted for the specified company code.
  Cause of Error FC445
  
  Valuation Type Not Defined: The valuation type you are trying to use is not defined for the specified company code in the system.
  
  Configuration Issues: There may be configuration settings in the system that restrict the use of certain valuation types for specific company codes.
  Master Data Issues: The master data for the asset or material may not be set up correctly, leading to the use of an invalid valuation type.
  Transaction Type Restrictions: Certain transaction types may have restrictions on the valuation types that can be used.
  
  Solution
  To resolve the FC445 error, you can take the