How To Fix HF214 - Object &1 : Valuation area not found

HF214 - Overview

• Message type: E = Error

• Message class: HF - Error messages for PS reporting

• Message number: 214

• Message text: Object &1 : Valuation area not found

What causes this issue?

Interest is to be charged to WBS element &V1&. However, a capital
investment profile is entered in this WBS element which causes the
values in the relevant asset under construction, rather than the WBS
element itself, to be used for the calculation.
To this end, you must define the valuation area of the asset under
construction whose values are to be used in the interest calculation
and the area, in which all the values are capitalized in the periodic
settlement ("100% area"). One of the two areas for the asset under
construction for &V1& could not be determined.
This error may have a number of causes:
No valuation area has been entered in the interest profile for the WBS
element to act as the basis of the interest calculation.
The valuation area entered in the interest profile does not exist in
the chart of depreciation for the asset under construction belonging to
the WBS element.
The system could not determine a valuation area in the chart of
depreciation for the asset under construction belonging to the WBS
element which capitalizes 100% of the values covered by the periodic
settlement.

System Response

No interest posted to &V1&.
Interest is nevertheless displayed in the log for the interest run.

How to fix this error?

If the error is due to the first case described above, go to Project
System customizing, access the interest profile for the WBS element and
controlling area currency and all the interest indicators used, and
enter a valuation schedule and valuation area.
If the error is due to the second case described above, you must go to
Customizing and correct the valuation area in the interest profile.
If the error is due to the third case described above, you must correct
the chart of depreciation for the asset under construction. You must
go to Asset Accounting customizing and set up a valuation area with
type "07" (or "01") to which you must not assign a capitalization
version in Investment Management customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message HF214 - Object &1 : Valuation area not found ?

  The SAP error message HF214 ("Object &1: Valuation area not found") typically occurs in the context of material valuation and inventory management. This error indicates that the system cannot find a valuation area for the specified object (usually a material or a plant) in the configuration settings.
  
  Cause:
  
  Missing Configuration: The valuation area for the specified object (material or plant) has not been defined in the system.
  Incorrect Object Reference: The object referenced in the error message may not be correctly set up or may not exist in the system.
  Data Inconsistency: There may be inconsistencies in the master data or configuration settings related to the material or valuation area.
  
  
  Solution:
  
  
  Check Valuation Area Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Logistics > Materials Management > Valuation > Define Valuation Areas.
  Ensure that the valuation area is defined for the relevant plant or company code.
  
  
  
  Verify Material Master Data:
  
  Use Transaction code: MM03 to display