How To Fix FTR_LOANS028 - Company Code &1, Loan &2: General valuation class is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LOANS - Link Between the Loans Component and the Treasury Ledger

• Message number: 028

• Message text: Company Code &1, Loan &2: General valuation class is missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LOANS028 - Company Code &1, Loan &2: General valuation class is missing ?

  The SAP error message FTR_LOANS028 indicates that there is a missing general valuation class for a loan in the specified company code. This error typically arises in the context of financial transactions involving loans, particularly when the system is trying to process or post a transaction related to a loan that lacks the necessary configuration.
  Cause:
  The error is caused by the absence of a general valuation class for the loan in the system. The valuation class is essential for determining how the loan is treated in financial accounting, including how it is valued and reported in the financial statements. If the valuation class is not defined, the system cannot process the loan transaction.
  Solution:
  To resolve this error, you need to ensure that the general valuation class is correctly defined for the loan in question. Here are the steps to address the issue:
  
  
  Check Loan Master Data:
  
  Navigate to the loan master data in SAP and verify if the valuation class is assigned to the loan. You can do this by using transaction codes like FTR_EDIT or FTR_CREATE to view or edit the loan details.
  
  
  
  Define Valuation Class:
  
  If the valuation class is missing, you will need to define it. This can typically be done in the configuration settings of the Financial Services module. You may need to consult with your SAP FI/CO configuration team to ensure that the valuation class is set up correctly.
  
  
  
  Assign Valuation Class:
  
  Once the valuation class is defined, ensure that it is assigned to the relevant loan type or loan master data. This assignment is crucial for the system to recognize how to handle the loan in financial transactions.
  
  
  
  Check Configuration Settings:
  
  Review the configuration settings for loans in the SAP system. This includes checking the settings for valuation classes in the Financial Services (FS) module. You can access these settings through the following path:
  
  SPRO > Financial Services > Loans > Basic Settings > Define Valuation Classes.
  
  
  
  
  
  Test the Changes:
  
  After making the necessary changes, test the loan transaction again to ensure that the error is resolved. If the error persists, double-check the configuration and assignment of the valuation class.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FTR_EDIT: Edit loan master data.
  FTR_CREATE: Create loan master data.
  SPRO: Access the SAP Customizing Implementation Guide.
  
  
  
  Documentation:
  
  Refer to SAP documentation or help files related to the Financial Services module for more detailed information on loan processing and valuation classes.
  
  
  
  Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in the Financial Services module.
  
  
  
  By following these steps, you should be able to resolve the FTR_LOANS028 error and ensure that your loan transactions can be processed correctly in SAP.