How To Fix LM342 - Value &1 is not defined for custom characteristic &2 in Customizing

LM342 - Overview

• Message type: E = Error

• Message class: LM - Treasury: Limit Management

• Message number: 342

• Message text: Value &1 is not defined for custom characteristic &2 in Customizing

What causes this issue?

You have not defined value &V1& for free characteristic &V2&.

System Response

The derivation of free limit characteristics was canceled.

How to fix this error?

Correct the derivation of free limit characteristics for free
characteristic &V2&, or, in Customizing, add characteristic &V1& to the
check table of free characteristic &V2&.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message LM342 - Value &1 is not defined for custom characteristic &2 in Customizing ?

  The SAP error message LM342 indicates that a specific value for a custom characteristic is not defined in the system's Customizing settings. This typically occurs in the context of SAP Logistics, particularly in areas like Material Management (MM), Sales and Distribution (SD), or other modules that utilize characteristics and values for classification.
  
  Cause:
  
  Missing Value Definition: The value you are trying to use for the custom characteristic has not been defined in the Customizing settings.
  Incorrect Characteristic Assignment: The characteristic may not be properly assigned to the relevant class or object.
  Typographical Error: There may be a typo in the value or characteristic name being referenced.
  Transport Issues: If the characteristic and its values were recently transported from another system, the transport may not have included all necessary definitions.
  
  
  Solution:
  
  
  Define the Value:
  
  Go to the Customizing settings in SAP (Transaction code SPRO).
  Navigate to the relevant area where the custom characteristic is defined (e.g., Classification System).
  Locate the characteristic