How To Fix M3407 - Enter a valuation class

SAP Error Message - Details

• Message type: E = Error

• Message class: M3 - Material Master

• Message number: 407

• Message text: Enter a valuation class

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message M3407 - Enter a valuation class ?

  The SAP error message M3407 "Enter a valuation class" typically occurs in the context of material master data management, particularly when dealing with inventory management and valuation. This error indicates that the system requires a valuation class to be specified for a material, which is essential for determining how the material is valued in financial accounting.
  Cause:
  
  Missing Valuation Class: The most common cause of this error is that the valuation class field is not filled in the material master record. The valuation class is used to link the material to a specific general ledger account for inventory valuation.
  Incorrect Configuration: There may be issues with the configuration of the material type or the valuation area that prevents the valuation class from being determined automatically.
  Data Entry Error: During the creation or modification of the material master, the user may have overlooked entering the valuation class.
  
  Solution:
  
  
  Enter Valuation Class:
  
  Go to the material master record (transaction code MM02 for change or MM01 for create).
  Navigate to the Accounting 1 view.
  Enter the appropriate valuation class in the relevant field. The valuation class can be determined based on the material type and the account determination settings in the system.
  
  
  
  Check Material Type Configuration:
  
  Ensure that the material type is correctly configured in the system. You can check this in the configuration settings (transaction code SPRO).
  Navigate to Logistics > Material Management > Material Master > Basic Settings > Material Types and verify the settings for the material type you are using.
  
  
  
  Review Account Determination:
  
  Check the account determination settings to ensure that the valuation class is correctly mapped to the appropriate general ledger accounts.
  This can be done in the configuration under Logistics > Material Management > Valuation > Account Determination.
  
  
  
  Consult Documentation: If you are unsure about which valuation class to use, consult your organization's documentation or speak with your finance or accounting team to understand the correct mapping.
  
  
  User Authorization: Ensure that you have the necessary authorizations to make changes to the material master data.
  
  
  Related Information:
  
  Valuation Class: This is a key field in the material master that determines how the material is accounted for in financial statements. It links the material to specific general ledger accounts.
  Material Master Views: The material master has various views (e.g., Basic Data, Purchasing, Accounting) that need to be filled out correctly for the material to be processed without errors.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM01, MM02, MM03 (for creating, changing, and displaying material master records) and OBYC (for account determination settings).
  
  By following these steps, you should be able to resolve the M3407 error and ensure that the valuation class is correctly entered for your materials.