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

FR587 - Overview

• 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.

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

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FR587 - Details

• 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