How To Fix FR587 - No current valuation found for account &2 in co. code &2; no reset

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 587

• Message text: No current valuation found for account &2 in co. code &2; 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR587 - No current valuation found for account &2 in co. code &2; no reset ?

  The SAP error message FR587 indicates that there is no current valuation found for a specific account 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 most common cause is that the system does not have any valuation data for the specified account in the given company code. This could happen if:
  
  The account has not been set up for valuation.
  The valuation data has not been maintained or has been deleted.
  The account is not relevant for valuation in the current period.
  
  
  
  Incorrect Configuration: There may be configuration issues in the asset accounting or controlling modules that prevent the system from finding the necessary valuation data.
  
  
  Period Closing: If the period has been closed, the system may not allow any changes or valuations to be processed for that period.
  
  
  Solution:
  
  
  Check Valuation Data: Verify that the valuation data for the specified account and company code exists. You can do this by:
  
  Navigating to the relevant transaction (e.g., AS03 for asset display) and checking if the asset or account has valuation data.
  Reviewing the configuration settings in the asset accounting or controlling modules.
  
  
  
  Maintain Valuation Data: If the valuation data is missing, you may need to create or update it. This can involve:
  
  Entering the necessary valuation data for the account.
  Ensuring that the account is correctly configured for valuation in the system.
  
  
  
  Check Configuration: Review the configuration settings in the SAP system to ensure that the account is set up correctly for valuation. This may involve:
  
  Checking the account determination settings.
  Ensuring that the account is included in the relevant valuation classes.
  
  
  
  Period Management: If the error is related to a closed period, you may need to open the period for adjustments or ensure that you are working in an open period.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling valuation issues related to the error message FR587.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS03: Display Asset
  OBY6: Define Company Code
  OABW: Asset Accounting Configuration
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  User Roles: Ensure that you have the necessary authorizations to view and modify valuation data in the system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting or controlling.