How To Fix FINS_ACDOC_CUST358 - Parallel valuation of COGM: Version &1 is not defined in company code &2

FINS_ACDOC_CUST358 - Overview

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 358

• Message text: Parallel valuation of COGM: Version &1 is not defined in company code &2

What causes this issue?

In the Customizing settings for <DS:SIMG.FCML_MLCO_DC>Parallel Valuation
of Cost of Goods Manufactured</> there is no entry company code &V2& and
for the accounting principle which corresponds to CO version &V1&.

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?

Start transaction <DS:TRAN.FINS_CUST_CONS_CHK>FINS_CUST_CONS_CHK</> to
check the consistency of your ledger customizing.
If this transaction does not display errors, then please contact SAP:
The root cause for this error message is then likely caused by a progam
error.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_ACDOC_CUST358 - Details

• The SAP error message FINS_ACDOC_CUST358 indicates that there is an issue with the configuration of parallel valuation for Cost of Goods Manufactured (COGM) in the context of a specific company code. This error typically arises when the system is trying to process a transaction that involves parallel valuation, but the required version for that valuation is not defined in the specified company code.
  
  Cause:
  
  Missing Configuration: The version for parallel valuation (e.g., for IFRS, local GAAP) is not defined in the company code settings.
  Incorrect Version Assignment: The version that is being referenced in the transaction is not correctly assigned or does not exist in the configuration.
  Company Code Settings: The company code may not have been set up to handle the specific valuation method or version required for the transaction.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> Financial