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