How To Fix FTR_FLP030 - Specify the general valuation class (Administration tab)

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FLP - Messages for Forward Loan Transaction

• Message number: 030

• Message text: Specify the general valuation class (Administration tab)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FLP030 - Specify the general valuation class (Administration tab) ?

  The SAP error message FTR_FLP030 indicates that the system requires a general valuation class to be specified in the Administration tab of the financial transaction. This error typically occurs in the context of financial instruments or treasury management within SAP.
  Cause:
  The error arises when you are trying to create or modify a financial transaction (such as a loan, investment, or derivative) and the system cannot find a general valuation class defined for that transaction. The general valuation class is essential for determining how the financial transaction will be valued and reported in the financial statements.
  Solution:
  To resolve this error, you need to specify the general valuation class in the Administration tab of the relevant financial transaction. Here are the steps to do this:
  
  
  Access the Transaction:
  
  Go to the transaction where you encountered the error (e.g., transaction code for creating or editing a financial instrument).
  
  
  
  Navigate to the Administration Tab:
  
  Look for the Administration tab in the transaction screen.
  
  
  
  Specify the General Valuation Class:
  
  Find the field for the general valuation class and enter the appropriate value. This value should correspond to the valuation class defined in your system for the type of financial transaction you are processing.
  
  
  
  Save the Changes:
  
  After entering the general valuation class, save your changes and try to execute the transaction again.
  
  
  
  Related Information:
  
  Valuation Classes: Valuation classes are used in SAP to categorize different types of financial transactions for accounting purposes. They help in determining how transactions are posted to the general ledger.
  Configuration: If you are unsure about which valuation class to use, you may need to consult with your finance or accounting team, or refer to the configuration settings in the SAP system.
  Documentation: Check SAP documentation or help resources for more detailed information on financial transaction management and valuation classes.
  
  If the issue persists after following these steps, it may be necessary to check for any additional configuration settings or consult with your SAP support team for further assistance.