How To Fix VAL032 - Product category &1 is not supported by the foreign currency valuation

VAL032 - Overview

• Message type: E = Error

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

• Message number: 032

• Message text: Product category &1 is not supported by the foreign currency valuation

What causes this issue?

The position for which a foreign currency valuation is to be carried
out is of product category &V1&. However, this product category is not
supported by the foreign currency valuation.

System Response

The foreign currency valuation step does not contribute to valuation of
the position.

How to fix this error?

Assign an appropriate position management procedure to the position.

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 VAL032 - Product category &1 is not supported by the foreign currency valuation ?

  The SAP error message VAL032 indicates that the product category specified (represented by &1) is not supported for foreign currency valuation. This typically occurs during the foreign currency valuation process in SAP, where the system attempts to evaluate the value of inventory or other financial items in a currency different from the local currency.
  
  Cause:
  
  Unsupported Product Category: The product category you are trying to evaluate may not be configured for foreign currency valuation in the system.
  
  Configuration Issues: The valuation settings for the product category may not have been properly set up in the system.
  Missing Master Data: The material master data for the product category may not have the necessary settings for foreign currency valuation.
  Transaction Type Restrictions: Certain transaction types may not allow foreign currency valuation for specific product categories.
  
  
  Solution:
  
  
  Check Product Category Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO).
  Navigate to the relevant section for Material Management or Financial Accounting.
  Ensure that