How To Fix FR362 - Valuation method does not exist

FR362 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 362

• Message text: Valuation method does not exist

What causes this issue?

The selected valuation method has not been maintained.

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?

Enter the required valuation method.

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Error message extract from SAP system. Copyright SAP SE.

FR362 - Details

• The SAP error message FR362, which states "Valuation method does not exist," typically occurs in the context of financial accounting or controlling when the system is unable to find a specified valuation method for a particular transaction or configuration. This can happen in various scenarios, such as during the posting of transactions, when running reports, or while executing certain processes in SAP.
  Causes:
  
  Missing Configuration: The valuation method may not have been defined in the system. This can happen if the necessary configuration steps were not completed during the setup of the financial module.
  Incorrect Master Data: The master data (such as material master, vendor master, or customer master) may reference a valuation method that does not exist in the system.
  Transport Issues: If the configuration was transported from another system (like a development or quality assurance system), there may have been issues during the transport process that resulted in missing or incomplete data.
  Versioning