How To Fix FR635 - Assign a financial statement version to valuation area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 635

• Message text: Assign a financial statement version to valuation area &1

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR635 - Assign a financial statement version to valuation area &1 ?

  The SAP error message FR635, which states "Assign a financial statement version to valuation area &1," typically occurs in the context of financial accounting when there is a missing configuration related to financial statement versions in the system.
  Cause:
  This error usually arises when:
  
  A financial statement version has not been assigned to the specific valuation area (e.g., company code) in the system.
  The configuration for financial statement versions is incomplete or incorrect.
  The system is trying to generate a financial report or perform a financial operation that requires a financial statement version, but it cannot find one for the specified valuation area.
  
  Solution:
  To resolve this error, you need to assign a financial statement version to the relevant valuation area. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Ledgers -> Define Financial Statement Versions
  
  
  
  
  Define Financial Statement Versions:
  
  If you haven't already created a financial statement version, you can do so here. Make sure to define the structure of the financial statement version according to your reporting requirements.
  
  
  
  Assign Financial Statement Version to Valuation Area:
  
  After defining the financial statement version, navigate to:
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Ledgers -> Assign Financial Statement Versions to Valuation Areas
  
  Here, you can assign the financial statement version to the relevant valuation area (company code).
  
  
  
  Save Changes:
  
  After making the necessary assignments, save your changes.
  
  
  
  Test the Configuration:
  
  Try to execute the transaction or report that previously generated the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB58 (for assigning financial statement versions) and OB37 (for defining financial statement versions) to access the relevant configuration screens directly.
  Documentation: Refer to SAP Help documentation for detailed guidance on financial statement versions and their configuration.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the error persists after following these steps, it may be necessary to check for additional configuration issues or consult with your SAP Basis or functional team for further assistance.