How To Fix KM460 - Valuation method &1 does not exist in currency and valuation profile &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 460

• Message text: Valuation method &1 does not exist in currency and valuation profile &2

What causes this issue?

You want to store the valuation view &V1& ( &V4& ) in Profit Center
Accounting.
Currency and valuation profile &V2& is assigned to controlling area
&V2&. This profile does not contain the valuation view &V1&.

System Response

Valuation view &V1& is not allowed.

How to fix this error?

Assign a profile that contains the valuatiiton view &V1& ( &V4& ) to
the controlling area.
<DS:TRAN.OKKP>Proceed</>
<DS:TRAN.8KEM>Maintain the currency and valuation profile</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM460 - Valuation method &1 does not exist in currency and valuation profile &2 ?

  The SAP error message KM460 indicates that there is an issue with the valuation method specified in the currency and valuation profile. This error typically arises in the context of Asset Accounting (FI-AA) or Material Ledger (ML) when the system cannot find a valid valuation method for the specified currency and valuation profile.
  Cause:
  
  Missing Valuation Method: The valuation method you are trying to use does not exist in the specified currency and valuation profile.
  Incorrect Configuration: The configuration for the currency and valuation profile may not be set up correctly in the system.
  Profile Assignment: The valuation profile may not be correctly assigned to the company code or the asset class.
  Data Entry Error: There may be a typo or incorrect entry in the transaction where the error is occurring.
  
  Solution:
  
  
  Check Valuation Method:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Valuation > Define Valuation Methods.
  Ensure that the valuation method you are trying to use is defined for the relevant currency and valuation profile.
  
  
  
  Review Currency and Valuation Profile:
  
  Check the currency and valuation profile settings (Transaction code: OAYZ).
  Ensure that the valuation method is assigned to the correct currency and valuation profile.
  
  
  
  Validate Profile Assignment:
  
  Ensure that the valuation profile is correctly assigned to the company code and asset class.
  You can check this in the configuration under Financial Accounting (New) > Asset Accounting > Integration > Assign Valuation Profiles to Company Codes.
  
  
  
  Correct Data Entry:
  
  If the error occurs during a transaction, double-check the entries made to ensure that the correct valuation method and profile are being used.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration or the valuation methods, refer to SAP documentation or consult with your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAYZ (for valuation profiles) and OAYB (for asset classes).
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to view and modify the configuration settings.
  
  By following these steps, you should be able to identify and resolve the issue causing the KM460 error message in SAP.