How To Fix FR733 - Valuation area &1: valuation method &2: No document type is defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 733

• Message text: Valuation area &1: valuation method &2: No document type is defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR733 - Valuation area &1: valuation method &2: No document type is defined ?

  The SAP error message FR733 indicates that there is an issue with the configuration of the valuation method in the context of the valuation area. Specifically, it states that no document type is defined for the specified valuation method in the specified valuation area.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the valuation method you are trying to use does not have an associated document type defined in the system.
  Incorrect Valuation Method: The valuation method specified may not be correctly set up in the system or may not be applicable for the valuation area you are working with.
  Data Entry Error: There may be a mistake in the data entry where the valuation area or method is incorrectly specified.
  
  Solution:
  To resolve the FR733 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the valuation area and valuation method in the SAP system.
  Navigate to the following path in the SAP Easy Access Menu:
  SPRO -> IMG -> Financial Accounting -> Asset Accounting -> Valuation -> Define Valuation Methods
  
  Ensure that the valuation method you are using has a corresponding document type defined.
  
  
  
  Define Document Type:
  
  If the document type is missing, you will need to define it. This can typically be done in the same configuration area where you define valuation methods.
  Make sure to assign the correct document type to the valuation method for the relevant valuation area.
  
  
  
  Review Valuation Area Settings:
  
  Check the settings for the valuation area to ensure that it is correctly configured to use the valuation method in question.
  Ensure that the valuation area is active and properly set up in the system.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to see if the error persists.
  If the error is resolved, document the changes made for future reference.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OAYZ (for Asset Accounting configuration) or OABW (for document types) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  User Authorization: Ensure that you have the necessary authorizations to make changes to the configuration settings in SAP.
  
  By following these steps, you should be able to resolve the FR733 error and ensure that your valuation methods and document types are correctly configured in SAP.