How To Fix FR466 - Valuation method is missing for currency type &

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 466

• Message text: Valuation method is missing for currency type &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR466 - Valuation method is missing for currency type & ?

  The SAP error message FR466, which states "Valuation method is missing for currency type &," typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations in SAP. This error indicates that the system cannot find a valuation method for the specified currency type, which is necessary for processing transactions involving that currency.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the valuation method for the specified currency type has not been defined in the system.
  Incorrect Currency Type: The currency type being referenced may not be correctly set up in the system.
  Missing or Incorrect Settings in Customizing: The settings in the Financial Accounting (FI) or Controlling (CO) modules may not be properly configured to handle the currency type in question.
  
  Solution:
  To resolve the FR466 error, you can follow these steps:
  
  
  Check Valuation Method Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate to Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Valuation Methods.
  Ensure that a valuation method is defined for the currency type that is causing the error.
  
  
  
  Define Currency Types:
  
  In the same IMG path, check the configuration for currency types under Define Currency Types.
  Ensure that the currency type in question is correctly set up and linked to the appropriate valuation method.
  
  
  
  Review Transaction Settings:
  
  Check the specific transaction or document that is causing the error. Ensure that the currency type is correctly specified in the transaction.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any additional configuration steps that may be required for your specific version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates) or OBA7 (for defining currency types) to check or modify settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or FI/CO consultant for further assistance.