How To Fix VAL035 - Relevant settings are missing in one-step rate valuation procedure &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 035

• Message text: Relevant settings are missing in one-step rate valuation procedure &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL035 - Relevant settings are missing in one-step rate valuation procedure &1 ?

  The SAP error message VAL035, which states "Relevant settings are missing in one-step rate valuation procedure &1," typically occurs in the context of asset accounting or valuation procedures in SAP. This error indicates that there are missing configurations or settings in the specified valuation procedure that are necessary for the system to perform the valuation correctly.
  Cause:
  
  Missing Configuration: The valuation procedure specified in the error message is not fully configured. This could be due to missing settings for depreciation areas, valuation methods, or other related parameters.
  Incorrect Assignment: The asset class or the company code may not be correctly assigned to the valuation procedure.
  Inconsistent Data: There may be inconsistencies in the data related to the asset or the valuation procedure that prevent the system from processing the valuation.
  
  Solution:
  To resolve the VAL035 error, you can follow these steps:
  
  
  Check Valuation Procedure:
  
  Go to the configuration settings for asset accounting (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Valuation > Define Valuation Procedures.
  Ensure that the valuation procedure specified in the error message is correctly defined and all necessary settings are in place.
  
  
  
  Review Depreciation Areas:
  
  Ensure that all depreciation areas that are relevant to the valuation procedure are properly configured.
  Check if the depreciation areas are assigned to the correct valuation method.
  
  
  
  Validate Asset Class Settings:
  
  Check the asset class associated with the asset in question.
  Ensure that the asset class is linked to the correct valuation procedure and that all required settings are maintained.
  
  
  
  Check for Missing Entries:
  
  Look for any missing entries in the configuration that might be required for the one-step rate valuation procedure.
  This includes checking for missing accounts, settings for special depreciation, or other relevant parameters.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on the valuation procedure and its requirements.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test to see if the error persists. You can try to re-run the transaction that triggered the error.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to check asset details.
  SAP Notes: Check SAP Notes for any known issues or patches related to the VAL035 error.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting for further assistance.