How To Fix FINS_FI_CLS811 - Advanced valuation not active for acctg. prcple. &1, CoCd &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 811

• Message text: Advanced valuation not active for acctg. prcple. &1, CoCd &2

What causes this issue?

You have tried to execute advanced valuation for the accounting
principle&v1& and company code &v2&. But you have not activated advanced
valuation for the accounting principle and 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_CLS811 - Advanced valuation not active for acctg. prcple. &1, CoCd &2 ?

  The SAP error message FINS_FI_CLS811 indicates that the advanced valuation is not active for the specified accounting principle and company code. This error typically arises in the context of financial closing processes, particularly when dealing with advanced valuation methods in SAP S/4HANA or SAP ERP systems.
  Cause:
  
  Inactive Advanced Valuation: The advanced valuation feature may not be activated for the specified accounting principle (e.g., IFRS, US GAAP) and company code.
  Configuration Issues: There may be configuration issues in the Financial Accounting (FI) module, particularly in the settings related to valuation methods.
  Missing Settings: The necessary settings for advanced valuation might not have been completed in the system.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (FI) > Financial Accounting Global Settings > Ledgers > Define Accounting Principles.
  Ensure that the advanced valuation is activated for the relevant accounting principle and company code.
  
  
  
  Activate Advanced Valuation:
  
  If it is not activated, you may need to activate it. This usually involves setting up the necessary parameters for the accounting principle in question.
  
  
  
  Review Company Code Settings:
  
  Check the settings for the specific company code to ensure that it is configured to use advanced valuation.
  Navigate to Financial Accounting (FI) > Financial Accounting Global Settings > Ledgers > Define Company Code and verify the settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help notes related to advanced valuation to ensure that all necessary steps have been followed.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test run of the financial closing process to ensure that the error no longer occurs.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, OB52 for posting periods, and OBY6 for company code settings.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the FINS_FI_CLS811 error and successfully activate advanced valuation for the specified accounting principle and company code.