How To Fix KT355 - Valuation is not contained in the currency and valuation profile

KT355 - Overview

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 355

• Message text: Valuation is not contained in the currency and valuation profile

What causes this issue?

Currency and valuation profile &V1& is assigned to controlling area
&V1&. Valuation &V3& is not contained in this.

How to fix this error?

You can only assign to valuations that are contained in the currency
and valuation profile.
If required, you must change the currency and valuation profile you are
assigning to. Alternatively, you can create a new one and assign it to
the controlling area.

Error message extract from SAP system. Copyright SAP SE.

KT355 - Details

• The SAP error message KT355, which states "Valuation is not contained in the currency and valuation profile," typically occurs in the context of controlling (CO) and profitability analysis (CO-PA) when there is an issue with the configuration of currency and valuation profiles.
  
  Cause:
  
  Missing Valuation Type: The valuation type you are trying to use is not included in the currency and valuation profile assigned to the relevant controlling area or company code.
  Incorrect Configuration: The currency and valuation profile may not be properly configured to include the necessary valuation types for the transactions you are attempting to process.
  Profile Assignment: The currency and valuation profile may not be assigned to the relevant master data (e.g., cost centers, internal orders, etc.) or the transaction being processed.
  
  
  Solution:
  
  
  Check Currency and Valuation Profile:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Controlling > Profitability Analysis > Master Data > Define Currency and Valuation Profiles.
  Verify that the