How To Fix LOBM_MESSAGES034 - Valuation type not found.

SAP Error Message - Details

• Message type: E = Error

• Message class: LOBM_MESSAGES - Message class for LOBM services

• Message number: 034

• Message text: Valuation type not found.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message LOBM_MESSAGES034 - Valuation type not found. ?

  The SAP error message LOBM_MESSAGES034: Valuation type not found typically occurs in the context of inventory management or material valuation. This error indicates that the system is unable to find a valuation type that is required for processing a transaction related to materials.
  Cause:
  
  Missing Valuation Type: The valuation type specified in the material master or transaction does not exist in the system.
  Incorrect Configuration: The valuation type may not be properly configured in the system, or it may not be assigned to the relevant material or valuation area.
  Data Inconsistency: There may be inconsistencies in the material master data or configuration settings that lead to the system being unable to recognize the valuation type.
  Transaction Context: The error may arise in specific transactions where a valuation type is mandatory, but it has not been defined for the material in question.
  
  Solution:
  
  
  Check Material Master:
  
  Go to the material master record (transaction code MM03).
  Verify that the valuation type is correctly defined for the material in the relevant views (e.g., Accounting view).
  Ensure that the valuation type is assigned to the correct valuation area.
  
  
  
  Define Valuation Type:
  
  If the valuation type does not exist, you may need to create it. This can be done in the configuration settings:
  
  Use transaction code SPRO to access the SAP Reference IMG.
  Navigate to Logistics > Materials Management > Valuation and Account Assignment > Valuation > Define Valuation Types.
  Create a new valuation type if necessary.
  
  
  
  
  
  Check Configuration:
  
  Ensure that the valuation type is properly configured in the system and is linked to the appropriate valuation class.
  Verify that the valuation class is assigned to the material type in the configuration.
  
  
  
  Review Transaction Context:
  
  Ensure that the transaction you are trying to execute is appropriate for the material and that all required fields, including valuation type, are filled out correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional context on valuation types and their usage in your specific version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Valuation Type: A valuation type is used in SAP to differentiate between different types of stock for the same material, such as raw materials, finished goods, or different quality levels.
  Valuation Class: This is a classification that determines how the material is valued in financial accounting and inventory management.
  Material Master: The material master is a central repository of information related to materials in SAP, containing various views that define how materials are managed and valued.
  
  By following these steps, you should be able to resolve the error message LOBM_MESSAGES034 and ensure that the valuation type is correctly set up in your SAP system.