How To Fix KM462 - Assignment to valuation &2 (&3) is not permitted

KM462 - Overview

• Message type: E = Error

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

• Message number: 462

• Message text: Assignment to valuation &2 (&3) is not permitted

What causes this issue?

You tried to assign valuation method &V2& (&V3&) to controlling area
&V1&, but you have not yet assigned a currency and valuation profile.

System Response

You cannot assign the valuation method &V2& (&V3&).

How to fix this error?

Assign valuation method 0 (legal valuation), or assign this controlling
area a currency and valuation profile that contains the valuation
method &V2& (&V3&).
<DS:TRAN.OKKP>Assign controlling area</>
<DS:TRAN.8KEM>Maintain currency and valuation profile</>

Error message extract from SAP system. Copyright SAP SE.

KM462 - Details

• The SAP error message KM462, which states "Assignment to valuation &2 (&3) is not permitted," typically occurs in the context of controlling (CO) and profitability analysis (CO-PA) when there is an issue with the assignment of a cost element or a valuation method to a specific valuation area or object.
  
  Cause:
  
  Incorrect Configuration: The error often arises due to incorrect configuration settings in the controlling area or valuation settings. This could involve the assignment of cost elements to a valuation method that is not allowed.
  Valuation Area Restrictions: The valuation area may have restrictions that prevent certain assignments. For example, if a cost element is not allowed for a specific valuation type or if it is not assigned to the correct controlling area.
  Master Data Issues: There may be issues with the master data, such as the cost center or internal order not being properly set up or not being assigned to the correct