How To Fix V1071 - Valuation type & is not defined

SAP Error Message - Details

• 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 for pricing or valuation (e.g., Sales and Distribution -> Basic Functions -> Pricing -> Pricing Control).
  Ensure that the valuation type in question is defined and correctly configured.
  
  
  
  Review Material Master Data:
  
  Use transaction MM03 to display the material master data.
  Check the relevant views (e.g., Accounting, Sales) to ensure that the valuation type is correctly assigned.
  
  
  
  Validate Transaction Entry:
  
  Double-check the transaction where the error occurred to ensure that the valuation type is entered correctly without any typographical errors.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on how to define and manage valuation types.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Valuation Types: Valuation types are used in SAP to differentiate between different types of stock or inventory, such as valuing stock in different locations or under different conditions.
  Customizing Settings: The configuration of valuation types is typically done in the IMG (Implementation Guide) under the relevant modules (SD/MM).
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM01 (Create Material), MM02 (Change Material), and MM03 (Display Material) for managing material master data.
  
  By following these steps, you should be able to identify the cause of the V1071 error and implement the necessary solutions to resolve it.