How To Fix FR014 - Use a valuation area

FR014 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 014

• Message text: Use a valuation area

What causes this issue?

You have selected the parameter combination 'Valuation for financial
statement preparation' and 'Translate valuation difference'. The
valuation can only be carried out with one valuation area.

System Response

The system reports an error.

How to fix this error?

Enter a valuation area that is not identical to the valuation area
'Save in valuation area'.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FR014 - Details

• The SAP error message FR014 ("Use a valuation area") typically occurs in the context of financial accounting or controlling when the system requires a valuation area to be specified for a particular transaction or process. This error is often related to the configuration of the system, particularly in the areas of asset accounting or inventory valuation.
  
  Cause:
  
  Missing Valuation Area: The valuation area is not defined in the configuration for the relevant transaction. This can happen if the valuation area is not set up in the system or if the user has not specified it in the transaction.
  Incorrect Configuration: The valuation area may not be properly configured in the system settings, leading to the error when trying to perform certain actions.
  Transaction Context: The transaction being executed may require a valuation area to be specified, but it is not being provided by the user or the system.
  
  
  Solution:
  
  
  Define Valuation Area:
  
  Go to the configuration settings