How To Fix FTR_GUI290 - Valuation area should not be empty for HIFO and LOFO

FTR_GUI290 - Overview

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 290

• Message text: Valuation area should not be empty for HIFO and LOFO

What causes this issue?

In case of HIFO and LOFO consumption sequence procedure, valuation area
is mandatory. It should not be left empty.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FTR_GUI290 - Details

• The SAP error message FTR_GUI290 indicates that the valuation area is not specified for the High In, First Out (HIFO) or Low In, First Out (LOFO) valuation methods in the context of financial transactions or asset management. This error typically arises when trying to process transactions related to financial instruments or asset valuations where these methods are applicable.
  
  Cause:
  
  Missing Valuation Area: The valuation area is a critical piece of information that defines how financial transactions are processed. If it is not specified, the system cannot determine how to value the assets or transactions.
  
  Configuration Issues: The valuation area may not be properly configured in the system settings, leading to the error when attempting to execute transactions that require it.
  Data Entry Errors: Users may inadvertently leave the valuation area field blank when entering transaction data.
  
  
  Solution:
  
  Check Transaction Data: Ensure that the valuation area is filled in correctly when entering transaction data. This can often