How To Fix FVD_COND_VERIFIER505 - Product type &1 is not defined in company code &2 in Customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_COND_VERIFIER - Condition Verifier

• Message number: 505

• Message text: Product type &1 is not defined in company code &2 in Customizing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_COND_VERIFIER505 - Product type &1 is not defined in company code &2 in Customizing ?

  The SAP error message FVD_COND_VERIFIER505 indicates that a specific product type is not defined in the company code within the Customizing settings. This error typically arises in the context of financial transactions or product management in SAP, particularly when dealing with financial services or product-related configurations.
  Cause:
  The error occurs when:
  
  The product type specified in the transaction or configuration does not exist in the Customizing settings for the specified company code.
  There may be a mismatch between the product type being used in a transaction and the product types that have been defined in the system for that particular company code.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Product Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate to the relevant section for product types (this may vary depending on the specific module you are working with, such as Financial Services).
  Verify if the product type (&1) is defined for the company code (&2). If it is not defined, you will need to create or configure it.
  
  
  
  Define Product Type:
  
  If the product type is missing, you can define it by following the appropriate steps in the IMG. This usually involves:
  
  Creating a new product type.
  Assigning it to the relevant company code.
  Configuring any necessary parameters or settings associated with the product type.
  
  
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is correctly set up and that all necessary configurations are in place.
  Sometimes, the issue may arise from incorrect company code settings or missing configurations.
  
  
  
  Review Transaction Data:
  
  If the product type is defined but you are still encountering the error, check the transaction data to ensure that the correct product type is being referenced.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring product types and company codes in your version of SAP.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through the above steps, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (to access the IMG) or specific transaction codes related to product management or financial services.
  Authorization: Ensure that you have the necessary authorizations to make changes in the Customizing settings.
  Testing: After making changes, perform testing to ensure that the error is resolved and that the product type functions as expected in transactions.
  
  By following these steps, you should be able to identify and resolve the issue related to the SAP error message FVD_COND_VERIFIER505.