How To Fix FINS_FI_CLS801 - Advanced valuation not active for accounting principle &1

FINS_FI_CLS801 - Overview

• Message type: E = Error

• Message class: FINS_FI_CLS - Messages used for the impairments and FXs

• Message number: 801

• Message text: Advanced valuation not active for accounting principle &1

What causes this issue?

You have tried to execute advanced valuation for the accounting
principle &V1&. But advanced valuation has not been activated yet for
this accounting principle.

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?

Activate advanced valuation for the accounting principle under Finance
--> General Ledger --> Ledgers and Valuation --> Activate Advanced
Valuation.
For more information please read the configuration help.

Activate advanced valuation for the accounting principle in the activity
<DS:SIMG.FINSVC_VAL_ACT>Activate Advanced Valuation</>.
For more information see the documentation of the activity
<DS:SIMG.FINSVC_VAL_ACT>Activate Advanced Valuation</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_CLS801 - Advanced valuation not active for accounting principle &1 ?

  The SAP error message FINS_FI_CLS801 indicates that the advanced valuation is not active for the specified accounting principle in the system. This error typically arises in the context of financial accounting and valuation processes, particularly when dealing with multiple accounting principles in SAP S/4HANA or SAP Central Finance.
  
  Cause:
  
  Inactive Advanced Valuation: The advanced valuation feature may not be activated for the specified accounting principle. This can happen if the configuration settings for the accounting principles have not been properly set up.
  Missing Configuration: The necessary configuration for advanced valuation might be missing or incomplete in the system.
  Incorrect Accounting Principle: The accounting principle specified in the error message may not be correctly defined or may not support advanced valuation.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Valuation > Define Accounting Principles.
  Ensure that the