How To Fix OM002 - Basic data & does not exist for split valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 002

• Message text: Basic data & does not exist for split valuation

What causes this issue?

Data essential for executing the transaction does not exist.
No valuation areas (<DS:TRANS.OX10>plants</> or
<DS:TRANS.OX02>company codes</>) have been created.
No global valuation categories exist.
No global valuation types exist.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Please create the corresponding base data.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OM002 - Basic data & does not exist for split valuation ?

  The SAP error message OM002 ("Basic data & does not exist for split valuation") typically occurs in the context of materials management when dealing with materials that have split valuation enabled. This error indicates that the system cannot find the basic data for a specific valuation type of a material.
  Cause:
  
  Missing Basic Data: The basic data for the specified valuation type of the material is not maintained in the system.
  Split Valuation Not Configured: The material may not be properly configured for split valuation, or the valuation type is not defined for the material.
  Incorrect Material Master Data: The material master record may be incomplete or incorrectly set up, particularly in the accounting view.
  Valuation Type Not Assigned: The valuation type you are trying to use may not be assigned to the material.
  
  Solution:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03).
  Check the accounting view and ensure that the valuation type is correctly maintained.
  Ensure that the basic data for the valuation type exists.
  
  
  
  Maintain Valuation Type:
  
  If the valuation type is missing, you can add it by using transaction code MM01 to create or MM02 to change the material master.
  Ensure that the valuation type is assigned to the material in the accounting view.
  
  
  
  Check Split Valuation Configuration:
  
  Ensure that split valuation is properly configured in your system. This can be checked in the configuration settings (transaction code SPRO).
  Navigate to Materials Management > Valuation and Account Assignment > Split Valuation and verify the settings.
  
  
  
  Create Valuation Type:
  
  If the valuation type does not exist, you may need to create it. This can be done in the configuration settings under split valuation.
  
  
  
  Check for Authorizations:
  
  Ensure that you have the necessary authorizations to view and edit the material master data.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  MM01: Create Material
  MM02: Change Material
  MM03: Display Material
  SPRO: Customizing (Configuration)
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on split valuation and material master data management.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  By following these steps, you should be able to resolve the OM002 error and ensure that the material master data is correctly set up for split valuation.