How To Fix VAL034 - Relevant settings are missing in foreign currency valuation procedure &1

VAL034 - Overview

• Message type: E = Error

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

• Message number: 034

• Message text: Relevant settings are missing in foreign currency valuation procedure &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL034 - Relevant settings are missing in foreign currency valuation procedure &1 ?

  The SAP error message VAL034 indicates that there are missing settings in the foreign currency valuation procedure specified in the error message. This typically occurs when you attempt to perform a foreign currency valuation, but the necessary configuration for the valuation procedure is incomplete or incorrect.
  
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Configuration: The foreign currency valuation procedure may not be properly configured in the system. This includes missing settings for valuation methods, exchange rates, or account determination.
  
  
  Incorrect Valuation Procedure: The valuation procedure specified may not be valid for the company code or the currency being used.
  
  
  Missing or Incorrect Exchange Rate Types: The exchange rate types required for the valuation may not be defined or may not match the settings in the valuation procedure.
  
  
  Inconsistent Settings: There may be inconsistencies in the settings between different company codes or controlling areas.
  
  
  
  Solution:
  To resolve the VAL034 error, you can follow these steps:
  
  
  Check