How To Fix V1071 - Valuation type & is not defined

V1071 - Overview

• Message type: E = Error

• Message class: V1 - Verkaufsbelegbearbeitung

• Message number: 071

• Message text: Valuation type & is not defined

What causes this issue?

This <GL:valuation_type>valuation type</> &V1& is not permitted.
INCLUDE 'NA_NO_PROCESSING_1' OBJECT DOKU ID TX LANGUAGE E
INCLUDE 'NA_CHECK_ENTRY' OBJECT DOKU ID TX LANGUAGE E
DEFINE &FELDNAME& = '<LS>valuation type</>'
INCLUDE 'NA_POSSIBLE_ENTRY' OBJECT DOKU ID TX LANGUAGE E
DEFINE &ANLEGEOBJEKT& = 'valuation types'
INCLUDE 'NA_CREATE_CHANGE' OBJECT DOKU ID TX LANGUAGE E

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message V1071 - Valuation type & is not defined ?

  The SAP error message V1071, which states "Valuation type & is not defined," typically occurs in the context of pricing and valuation in the SAP system, particularly when dealing with sales and distribution (SD) or materials management (MM) modules. This error indicates that the system is unable to find a valuation type that has been specified in the transaction or configuration.
  
  Cause:
  
  Missing Valuation Type: The specified valuation type does not exist in the system. This could be due to a configuration oversight or an incorrect entry.
  Incorrect Configuration: The valuation type may not be properly configured in the relevant customizing settings.
  Master Data Issues: The material master or other related master data may not have the correct valuation type assigned.
  Data Entry Error: There may be a typographical error in the entry of the valuation type in the transaction.
  
  
  Solution:
  
  
  Check Valuation Type Configuration:
  
  Go to the customizing settings in SAP (Transaction SPRO).
  Navigate to the relevant area