How To Fix GJ388 - At Least one Valuation Method Is Necessary.

SAP Error Message - Details

• Message type: E = Error

• Message class: GJ - Joint Venture Accounting

• Message number: 388

• Message text: At Least one Valuation Method Is Necessary.

What causes this issue?

Valuation method has not been entered.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Please enter a valuation method or pick one from the selection list. If
no valuation method is availavle, it may be defined in FI customizing

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GJ388 - At Least one Valuation Method Is Necessary. ?

  The SAP error message GJ388 ("At least one valuation method is necessary") typically occurs in the context of asset accounting or inventory management when a valuation method is required but not defined for a particular asset or inventory item. This error can prevent users from proceeding with transactions that require valuation, such as posting transactions or running reports.
  Cause:
  
  Missing Valuation Method: The most common cause of this error is that the asset or inventory item does not have a valuation method assigned to it. This can happen if the configuration for the asset or item was not completed properly.
  Configuration Issues: There may be issues in the configuration settings for asset accounting or inventory management, where the valuation methods are not set up correctly.
  Master Data Issues: The master data for the asset or inventory item may be incomplete or incorrectly maintained, leading to the absence of a required valuation method.
  
  Solution:
  
  
  Check Asset or Item Master Data:
  
  Navigate to the asset or inventory item in question and check the master data settings.
  Ensure that a valid valuation method is assigned. For assets, this can be done in the Asset Master Record (transaction code AS01 or AS02). For inventory items, check the material master (transaction code MM01 or MM02).
  
  
  
  Define Valuation Methods:
  
  If no valuation method is defined, you may need to define one. This can be done in the configuration settings:
  
  For asset accounting, go to the configuration path: Financial Accounting (New) > Asset Accounting > Valuation > Define Valuation Methods.
  For inventory management, check the configuration under Materials Management > Valuation and Account Assignment > Valuation > Define Valuation Methods.
  
  
  
  
  
  Review Configuration Settings:
  
  Ensure that the valuation methods are correctly configured in the system. This includes checking the settings for the relevant company codes and ensuring that the valuation methods are active.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed steps on how to set up and assign valuation methods.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01, AS02 (Asset Master), MM01, MM02 (Material Master), and SPRO (to access configuration settings).
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to make changes to asset or inventory master data.
  
  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 asset accounting or inventory management.