How To Fix FVD_BO031 - Product type & is not defined in the Customizing settings

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_BO - General Messages for Business Operations

• Message number: 031

• Message text: Product type & is not defined in the Customizing settings

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_BO031 - Product type & is not defined in the Customizing settings ?

  The SAP error message FVD_BO031 indicates that a specific product type is not defined in the Customizing settings of the SAP system. This error typically occurs in the context of financial services, particularly in the area of banking or treasury management, where product types are used to categorize financial products.
  Cause:
  The error arises when the system encounters a product type that has not been configured in the Customizing settings. This can happen due to several reasons:
  
  Missing Configuration: The product type has not been defined in the system.
  Incorrect Product Type: The product type being referenced may be misspelled or incorrect.
  Transport Issues: If the configuration was recently transported from another system, it may not have been included or may have failed to transport correctly.
  Version Mismatch: The product type may exist in a different version of the system but not in the current one.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Product Type Configuration:
  
  Go to the Customizing settings in SAP (Transaction code: SPRO).
  Navigate to the relevant area for product type configuration (e.g., Financial Services > Product Management > Define Product Types).
  Verify if the product type in question is defined. If not, you will need to create it.
  
  
  
  Create or Modify Product Type:
  
  If the product type is missing, create a new entry with the required details.
  If it exists but is not configured correctly, modify the existing entry to ensure it meets the necessary criteria.
  
  
  
  Check for Typos:
  
  Ensure that the product type being referenced in the transaction is spelled correctly and matches the configuration in the system.
  
  
  
  Transport Requests:
  
  If the configuration was supposed to be transported from another system, check the transport requests to ensure they were completed successfully.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or notes from SAP regarding the specific product type and its configuration requirements.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for assistance, especially if this is a production issue.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), SE11 (Data Dictionary), and SE80 (Object Navigator) for further investigation.
  SAP Notes: Check SAP Notes for any known issues or updates related to the specific product type or error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to view and modify the Customizing settings.
  
  By following these steps, you should be able to identify and resolve the issue related to the FVD_BO031 error message in SAP.