How To Fix VAL017 - Initial entry is missing for 'Assign position management procedure'

VAL017 - Overview

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 017

• Message text: Initial entry is missing for 'Assign position management procedure'

What causes this issue?

In the IMG activity <ZK>Assign Position Management Procedure</>, no
default position management procedure was assigned.

System Response

There may be positions for which no position management procedure was
found.

How to fix this error?

Create a new entry in which you leave the key fields blank, and assign
a default position management procedure. The system uses this position
management procedure in all cases that are not covered by the other
entries in the Customizing views.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL017 - Initial entry is missing for 'Assign position management procedure' ?

  The SAP error message VAL017, which states "Initial entry is missing for 'Assign position management procedure'," typically occurs in the context of position management within the SAP system. This error indicates that the system is expecting an initial entry or configuration for the position management procedure, but it is not found.
  
  Cause:
  
  Missing Configuration: The position management procedure has not been defined or assigned in the system.
  Incorrect Settings: The settings related to position management may not be correctly configured in the relevant customizing settings.
  Authorization Issues: The user may not have the necessary authorizations to access or modify the position management settings.
  
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the relevant customizing transaction (usually SPRO) and check the configuration for position management.
  Ensure that the position management procedure is defined and assigned correctly.
  
  
  
  Assign Position Management Procedure:
  
  Go to the configuration path: Personnel Management > Personnel Administration > Customizing Procedures > Define Position Management Procedures.
  Ensure that a position management procedure is