How To Fix MM299 - The valuation class & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: MM - Messages for material master maintenance and Customizing

• Message number: 299

• Message text: The valuation class & does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MM299 - The valuation class & does not exist ?

  The SAP error message MM299, which states "The valuation class & does not exist," typically occurs in the Materials Management (MM) module when the system cannot find a specified valuation class in the configuration. This can happen during various transactions, such as creating or changing material master records, or during inventory postings.
  Cause:
  
  Missing Valuation Class: The valuation class specified in the material master record does not exist in the system.
  Incorrect Configuration: The valuation class may not have been properly configured in the system.
  Data Entry Error: There may be a typographical error in the valuation class entered in the material master.
  Missing Integration: The valuation class may not be linked to the appropriate account determination settings in the system.
  
  Solution:
  
  
  Check Valuation Class:
  
  Go to the transaction code OBYC (Automatic Account Determination).
  Verify if the valuation class in question exists. If it does not, you may need to create it.
  
  
  
  Create/Modify Valuation Class:
  
  If the valuation class is missing, you can create it by navigating to the appropriate configuration settings in the SAP IMG (Implementation Guide).
  Use transaction code OMWB to create or modify valuation classes.
  
  
  
  Check Material Master:
  
  Use transaction code MM03 to display the material master record and verify the valuation class assigned to the material.
  If there is an error, correct the valuation class in the material master using transaction code MM02.
  
  
  
  Integration with Account Determination:
  
  Ensure that the valuation class is properly linked to the relevant G/L accounts in the account determination settings.
  Check the settings in OBYC to ensure that the valuation class is mapped to the correct accounts.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your organization's configuration.
  
  
  
  Related Information:
  
  Valuation Class: This is a key component in SAP that determines how materials are valued and how they are linked to financial accounts.
  Material Master: The material master record contains all the information related to a material, including its valuation class.
  Account Determination: This is the process by which SAP determines which G/L accounts to use for various transactions based on the valuation class and other criteria.
  
  If the issue persists after following these steps, it may be necessary to involve your SAP Basis or technical team to investigate further, as there could be underlying configuration issues or data inconsistencies.