How To Fix FR362 - Valuation method does not exist

SAP Error Message - Details

• 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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ENDIF

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR362 - Valuation method does not exist ?

  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 Issues: If there are multiple versions of the configuration or if the system has been upgraded, the valuation method may have been deprecated or changed.
  
  Solutions:
  
  
  Check Configuration: 
  
  Go to the configuration settings in SAP (Transaction SPRO) and navigate to the relevant area (e.g., Financial Accounting or Controlling) to ensure that the valuation method is defined.
  If it is missing, you may need to create a new valuation method or adjust the existing configuration.
  
  
  
  Review Master Data:
  
  Check the relevant master data records (e.g., material master, vendor master) to ensure that they are referencing the correct valuation method.
  Update the master data if necessary to point to a valid valuation method.
  
  
  
  Transport Logs:
  
  If the issue arose after a transport, check the transport logs for any errors or warnings that might indicate what went wrong during the transport process.
  You may need to re-transport the configuration or manually adjust the settings in the target system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the specific valuation method you are trying to use. There may be specific requirements or prerequisites that need to be met.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for assistance. They may have additional insights or solutions based on the specific version and configuration of your SAP system.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), MM02 (Change Material), or FB50 (General Ledger Posting) to navigate through the system effectively.
  SAP Notes: Search for SAP Notes related to error FR362 in the SAP Support Portal, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the FR362 error and implement a solution to resolve it.