How To Fix FINS_FI_CLS807 - Advanced valuation is active for acctg. principle &1 but not for CoCd &2

FINS_FI_CLS807 - Overview

• Message type: E = Error

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

• Message number: 807

• Message text: Advanced valuation is active for acctg. principle &1 but not for CoCd &2

What causes this issue?

You have tried to execute advanced valuation for the accounting
principle &V1& and company code &V2&. You have activated advanced
valuation for the accounting principle but not for the company code yet.

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?

You activate advanced valuation for the accounting principle and the
company code under Finance --> General Ledger --> Ledgers and Valuation
--> Activate Advanced Valuation.
For more information, please read the configuration help of the
configuration step.

You activate advanced valuation for the accounting principle and the
company code in the activity
<DS:SIMG.FINSVC_VAL_ACT>Activate Advanced Valuation</>.
For more information, please read the documentation of the activity
<DS:SIMG.FINSVC_VAL_ACT>Activate Advanced Valuation</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_CLS807 - Advanced valuation is active for acctg. principle &1 but not for CoCd &2 ?

  The SAP error message FINS_FI_CLS807 indicates that there is a mismatch between the accounting principles and the company code settings in the context of advanced valuation. Specifically, it means that advanced valuation is activated for a certain accounting principle (denoted by &1), but it is not activated for the specified company code (denoted by &2).
  
  Cause:
  
  Configuration Mismatch: The accounting principle you are trying to use is configured to allow advanced valuation, but the company code does not have this feature enabled.
  Inconsistent Settings: There may be inconsistencies in the configuration settings between the accounting principles and the company codes in the system.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Valuation > Activate Advanced Valuation.
  Verify if advanced valuation is activated for the company code in question.
  
  
  
  Activate Advanced Valuation:
  
  If advanced valuation is not activated for