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

SAP Error Message - Details

• 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 the material master data.
  Check the valuation data for the material and ensure that the valuation area is correctly assigned.
  
  
  
  Check Plant Settings:
  
  Ensure that the plant associated with the material is correctly set up in the system.
  Use Transaction code: OX10 to check the plant settings.
  
  
  
  Review Object Reference:
  
  Ensure that the object referenced in the error message is valid and exists in the system.
  If the object is a material, verify that it is active and not marked for deletion.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional context on the error and related configuration settings.
  
  
  
  Transport Requests:
  
  If the configuration was recently changed or transported from another system, ensure that all necessary transport requests have been successfully imported.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  MM03: Display Material Master
  SPRO: Customizing Implementation Guide
  OX10: Maintain Plant
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary authorizations to view and modify the relevant configuration settings.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP Basis or functional team for further investigation.