How To Fix FVER170 - Specify the general valuation class

SAP Error Message - Details

• Message type: E = Error

• Message class: FVER - Message Class for Executable Security Rights

• Message number: 170

• Message text: Specify the general valuation class

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVER170 - Specify the general valuation class ?

  The SAP error message FVER170, which states "Specify the general valuation class," typically occurs in the context of financial accounting and asset accounting when a valuation class is not specified for a particular transaction or configuration. This error can arise during various processes, such as posting transactions, creating asset master records, or during configuration in the system.
  Cause:
  
  Missing Valuation Class: The most common cause of this error is that the valuation class has not been defined for the relevant account or asset type in the system.
  Configuration Issues: There may be issues in the configuration settings related to the asset accounting or general ledger accounts.
  Master Data Issues: The asset master record may not have the necessary valuation class assigned, or the relevant account determination settings may be incomplete.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction code SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Valuation > Define Valuation Classes.
  Ensure that the valuation classes are defined correctly for the relevant asset types.
  
  
  
  Assign Valuation Class:
  
  If you are creating or modifying an asset master record, ensure that the valuation class is specified in the asset master data.
  You can check this by using transaction code AS01 (Create Asset) or AS02 (Change Asset) and verifying the valuation class field.
  
  
  
  Check Account Determination:
  
  Ensure that the account determination settings are correctly configured. This can be done in the same configuration area where valuation classes are defined.
  Make sure that the relevant accounts are linked to the correct valuation classes.
  
  
  
  Review Master Data:
  
  If the error occurs during a transaction, check the master data of the involved accounts or assets to ensure that all necessary fields, including the valuation class, are filled out correctly.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct valuation class to use, consult your organization's documentation or reach out to your SAP support team for guidance.
  
  
  
  Related Information:
  
  Valuation Class: This is a classification that determines how the system values an asset or inventory item. It is crucial for proper financial reporting and asset management.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and SPRO (Configuration).
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  
  By following these steps, you should be able to resolve the FVER170 error and ensure that the valuation class is properly specified in your SAP system.