How To Fix FVD_COND_VERIFIER_D505 - 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_D - 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_VERIFIER_D505 - Product type &1 is not defined in company code &2 in Customizing ?

  The SAP error message FVD_COND_VERIFIER_D505 indicates that a specific product type is not defined in the specified company code within the Customizing settings of the SAP system. This error typically arises in the context of financial transactions or product management where the system expects a certain configuration that is missing.
  Cause:
  
  Missing Configuration: The product type specified in the error message is not defined in the Customizing settings for the given company code.
  Incorrect Company Code: The company code referenced may not be set up correctly or may not have the necessary product types configured.
  Data Entry Error: There may be a typo or incorrect entry in the transaction that is causing the system to look for a product type that does not exist.
  
  Solution:
  
  
  Check Customizing Settings:
  
  Navigate to the Customizing settings in SAP (Transaction SPRO).
  Go to the relevant section for product types under the Financial Services or Product Management area.
  Ensure that the product type in question is defined for the specified company code.
  
  
  
  Define Product Type:
  
  If the product type is not defined, you will need to create it. This typically involves:
  
  Accessing the relevant configuration area.
  Defining the product type and linking it to the appropriate company code.
  Saving the changes.
  
  
  
  
  
  Verify Company Code:
  
  Ensure that the company code is correctly set up and that it has the necessary configurations for the product types you are working with.
  
  
  
  Check for Typos:
  
  Review the transaction or data entry that triggered the error to ensure there are no typos or incorrect references to product types or company codes.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific steps on how to define product types in your version of SAP.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for Customizing, OVK1 for defining product types, or OBY6 for company code settings.
  Authorization: Ensure you have the necessary authorizations to make changes in Customizing.
  Testing: After making changes, perform a test transaction to ensure that the error is resolved.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the area related to the error.