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

FR471 - Overview

• 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.

FR471 - Details

• 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