How To Fix FR586 - No current valuation found for document &2 in company code &1; no reset

FR586 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 586

• Message text: No current valuation found for document &2 in company code &1; no reset

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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FR586 - Details

• The SAP error message FR586 indicates that there is no current valuation found for a specific document in the specified company code. This error typically arises in the context of financial accounting and controlling, particularly when dealing with asset accounting or inventory valuation.
  
  Cause:
  
  Missing Valuation Data: The document referenced may not have a corresponding valuation entry in the system. This can happen if the valuation was not performed or if the document was created without the necessary valuation data.
  Incorrect Document Status: The document may be in a status that does not allow for valuation, such as being incomplete or not yet posted.
  Company Code Configuration: There may be issues with the configuration of the company code, such as missing settings for valuation methods or accounting principles.
  Data Consistency Issues: There could be inconsistencies in the data due to previous transactions or postings that were not properly executed.
  
  
  Solution:
  
  Check Document Status: Verify the status of