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

SAP Error Message - Details

• 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 the company code, you will need to activate it. This typically involves:
  
  Selecting the appropriate company code.
  Activating the advanced valuation feature for that company code.
  
  
  
  
  
  Review Accounting Principles:
  
  Ensure that the accounting principles are correctly set up and that they align with the company code settings.
  Check if there are any specific requirements or dependencies for the accounting principle that might affect its compatibility with the company code.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed steps on configuring advanced valuation and accounting principles.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for company code settings) or OB22 (for accounting principles) to access the relevant configuration areas.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues or provide additional guidance related to this error message.
  Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  By following these steps, you should be able to resolve the FINS_FI_CLS807 error and ensure that advanced valuation is properly configured for both the accounting principle and the company code.