How To Fix HRPFD00707 - Monthly wage: Error with indirect valuation

HRPFD00707 - Overview

• Message type: E = Error

• Message class: HRPFD00 - HR-PF: International Pension Fund

• Message number: 707

• Message text: Monthly wage: Error with indirect valuation

What causes this issue?

An error occurred when determining the monthly wage due to the carrying
out of indirect valuation.

System Response

I. d. R. processing cancelled.

How to fix this error?

Check employee's master data, in particular the infotype basic payments
(0008).

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

HRPFD00707 - Details

• The SAP error message HRPFD00707, which states "Monthly wage: Error with indirect valuation," typically occurs in the context of payroll processing within the SAP Human Capital Management (HCM) module. This error is related to the calculation of wages, particularly when using indirect valuation methods for determining employee compensation.
  
  Cause:
  The error can arise due to several reasons, including:
  
  
  Incorrect Configuration: The indirect valuation method may not be properly configured in the system. This could involve missing or incorrect settings in the wage type configuration or valuation rules.
  
  
  Missing Master Data: Required master data for the employee (such as infotypes related to payroll, wage types, or other relevant data) may be incomplete or missing.
  
  
  Valuation Class Issues: The valuation class assigned to the wage type may not be set up correctly, leading to issues in how the system calculates the wage.
  
  
  Currency Issues: If there are discrepancies in currency settings (e.g., local currency vs. group currency), this