How To Fix FR471 - You are not allowed to valuate a valuated currency type

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 471

• Message text: You are not allowed to valuate a valuated currency type

What causes this issue?

You want to carry out a balance valuation for a currency type that has
already been valuated itself, for example:
Currency type 11: "company code currency, group currency".

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 cannot carry out a balance valuation.
Balance valuation is only allowed for non-valuated currency types (such
as 10, 20, 30, and so on).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR471 - You are not allowed to valuate a valuated currency type ?

  The SAP error message FR471 ("You are not allowed to valuate a valuated currency type") typically occurs in the context of financial transactions, particularly when dealing with currency valuation in the SAP system. This error indicates that there is an attempt to perform a currency valuation on a currency type that is already set up as a valuated currency.
  Cause:
  
  Currency Type Configuration: The currency type you are trying to valuate is already defined as a valuated currency in the system. Valuated currencies are those that are subject to valuation and are typically used in financial reporting.
  Valuation Run Settings: The settings in the valuation run may not allow for the valuation of certain currency types, especially if they are already marked as valuated.
  Transaction Type: The transaction you are trying to execute may not be compatible with the currency type settings in your configuration.
  
  Solution:
  
  
  Check Currency Type Settings: Review the configuration of the currency types in your SAP system. Ensure that the currency type you are trying to valuate is not already set as a valuated currency.
  
  You can check this in the configuration settings under Financial Accounting (FI) > General Ledger Accounting > Valuation > Define Currency Types.
  
  
  
  Adjust Valuation Run Parameters: If you are running a valuation, check the parameters and settings of the valuation run. Ensure that you are not including currency types that are already valuated.
  
  Go to the transaction code for the valuation run (e.g., FAGL_FCV) and review the selection criteria.
  
  
  
  Consult Documentation: Refer to SAP documentation or help files for specific guidance on currency valuation and the implications of currency type settings.
  
  
  User Authorizations: Ensure that the user executing the transaction has the necessary authorizations to perform currency valuations. Sometimes, authorization issues can lead to unexpected error messages.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They can provide insights based on the specific configuration and version of your SAP system.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FAGL_FCV: For currency valuation.
  OB08: For maintaining exchange rates.
  
  
  
  SAP Notes: Check for any SAP Notes related to error FR471, as they may provide specific fixes or workarounds.
  
  
  Documentation: Review the SAP Help Portal for detailed information on currency valuation and configuration settings.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.