How To Fix FTR_FORWARDS030 - Specify the general valuation class (Administration tab)

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• 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_FORWARDS030 - Specify the general valuation class (Administration tab) ?

  The SAP error message FTR_FORWARDS030 indicates that the system requires you to specify a general valuation class in the Administration tab of the forward contract. This error typically occurs in the context of financial instruments, particularly when dealing with forward contracts in SAP's Treasury and Risk Management module.
  Cause:
  The error arises when:
  
  The general valuation class is not specified for the forward contract you are trying to create or modify.
  The valuation class is necessary for the system to determine how to handle the financial instrument in terms of accounting and reporting.
  
  Solution:
  To resolve this error, follow these steps:
  
  
  Access the Forward Contract:
  
  Navigate to the transaction where you are creating or editing the forward contract (e.g., transaction code FTR_CREATE or FTR_EDIT).
  
  
  
  Go to the Administration Tab:
  
  Locate the Administration tab within the forward contract screen.
  
  
  
  Specify the General Valuation Class:
  
  Find the field for the general valuation class. This is usually labeled as "General Valuation Class" or similar.
  Enter the appropriate valuation class that corresponds to the type of financial instrument you are dealing with. This class is typically defined in the system configuration and should align with your organization's accounting policies.
  
  
  
  Save the Changes:
  
  After entering the valuation class, save your changes and try to process the forward contract again.
  
  
  
  Related Information:
  
  Valuation Classes: Valuation classes are used in SAP to categorize different types of financial instruments 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: Review SAP documentation or help files related to Treasury and Risk Management for more detailed information on valuation classes and their significance in financial transactions.
  
  If the issue persists after following these steps, it may be beneficial to check for any additional configuration settings or consult with your SAP support team for further assistance.