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

SAP Error Message - Details

• 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 following steps:
  
  
  Check Valuation Type Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO).
  Navigate to the relevant area for Financial Accounting or Asset Accounting.
  Check the settings for valuation types and ensure that the valuation type you are trying to use is allowed for the specified company code.
  
  
  
  Review Master Data:
  
  Check the master data for the asset or material involved in the transaction.
  Ensure that the valuation type is correctly assigned and that it is valid for the company code.
  
  
  
  Adjust Transaction Settings:
  
  If applicable, review the transaction type settings to ensure that the valuation type is permitted for the transaction you are trying to execute.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on valuation types and their configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information
  
  Transaction Codes: You may need to use transaction codes like OAOA (for Asset Accounting) or OMWB (for Material Management) to check and configure valuation types.
  SAP Notes: Look for relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to configuration settings or master data.
  
  By following these steps, you should be able to identify the root cause of the FC445 error and implement the necessary changes to resolve it.