How To Fix FR732 - Valuation area &1: valuation method &2 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 732

• Message text: Valuation area &1: valuation method &2 does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR732 - Valuation area &1: valuation method &2 does not exist ?

  The SAP error message FR732 indicates that there is an issue with the valuation method defined for a specific valuation area in the system. This error typically arises in the context of inventory valuation or material valuation in SAP, particularly when dealing with materials that require a specific valuation method.
  Cause:
  
  Missing Valuation Method: The specified valuation method (e.g., standard price, moving average price) does not exist in the system for the given valuation area.
  Incorrect Configuration: The valuation method may not have been properly configured in the system, or it may have been deleted or deactivated.
  Data Entry Error: There may be a typographical error in the configuration or data entry that leads to the system not recognizing the valuation method.
  
  Solution:
  
  
  Check Valuation Method Configuration:
  
  Go to the transaction code OMWB (for configuring valuation methods).
  Verify that the valuation method specified in the error message exists for the valuation area indicated.
  If it does not exist, you may need to create it or assign a different valuation method that is valid.
  
  
  
  Assign Valuation Method:
  
  If the valuation method is missing, you can assign a valid valuation method to the relevant valuation area.
  Ensure that the valuation method is correctly assigned to the material type and valuation area in the material master record.
  
  
  
  Review Material Master Data:
  
  Use transaction code MM03 to display the material master data and check the valuation data section.
  Ensure that the valuation area and valuation method are correctly set up.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on how to configure valuation methods and areas.
  
  
  
  Check for Customizations:
  
  If your organization has custom configurations, ensure that they are not interfering with standard processes.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OMWB: Configuration of valuation methods.
  MM03: Display material master data.
  MM02: Change material master data.
  
  
  
  Valuation Methods: Common valuation methods include:
  
  Standard Price (S)
  Moving Average Price (V)
  FIFO (First In, First Out)
  LIFO (Last In, First Out)
  
  
  
  Valuation Areas: Valuation areas can be defined at the company code level or plant level, and they determine how materials are valued in financial accounting.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  By following these steps, you should be able to resolve the FR732 error and ensure that the valuation method is correctly configured for the specified valuation area.