How To Fix TPM_TRM1002 - No general valuation class is available in the system

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRM1 - Migration 4.6 - CFM 1.0

• Message number: 002

• Message text: No general valuation class is available in the system

What causes this issue?

You want to perform the conversion step 'Generate Conversion
Customizing for General Valuation Class'. To do this, you must have
defined at least one general valuation class.

System Response

The conversion step is cancelled.

How to fix this error?

Define at least one general valuation class in IMG activity 'Define and
Assign Valuation Classes' zuordnen'.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_TRM1002 - No general valuation class is available in the system ?

  The SAP error message TPM_TRM1002 indicates that there is no general valuation class available in the system for the transaction or operation you are trying to perform. This error typically occurs in the context of Treasury and Risk Management (TRM) when dealing with financial instruments or transactions that require a valuation class for proper accounting treatment.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the valuation class has not been defined in the system for the specific financial instrument or transaction type you are working with.
  Incorrect Master Data: The master data for the financial instrument may not be set up correctly, leading to the absence of a valuation class.
  Inconsistent Settings: There may be inconsistencies in the configuration settings related to the valuation classes in the system.
  
  Solution:
  
  
  Check Valuation Class Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO).
  Navigate to the relevant area for Treasury and Risk Management.
  Ensure that the valuation classes are defined for the financial instruments you are working with.
  
  
  
  Define Valuation Classes:
  
  If the valuation class is missing, you may need to create it. This can typically be done in the configuration settings under the relevant financial instrument category.
  Ensure that the valuation class is linked to the appropriate account determination settings.
  
  
  
  Review Master Data:
  
  Check the master data for the financial instrument to ensure that it is correctly set up with the appropriate valuation class.
  If necessary, update the master data to include the correct valuation class.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to Treasury and Risk Management for specific guidance on setting up valuation classes.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, OBYC for account determination, or FBL3N for account balance display to troubleshoot further.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Treasury and Risk Management for further assistance.