How To Fix VAL047 - Product category &1 is not supported by loss allowance

VAL047 - Overview

• Message type: E = Error

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

• Message number: 047

• Message text: Product category &1 is not supported by loss allowance

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL047 - Product category &1 is not supported by loss allowance ?

  The SAP error message VAL047 indicates that the product category specified (represented by &1) is not supported for loss allowance calculations. This error typically arises in the context of financial accounting and risk management, particularly when dealing with provisions for expected credit losses.
  
  Cause:
  
  Unsupported Product Category: The product category you are trying to use for loss allowance calculations is not configured in the system to support this functionality.
  
  Configuration Issues: The necessary settings for the product category in the relevant SAP modules (like Financial Accounting (FI) or Risk Management) may not be properly configured.
  Data Entry Error: There might be a mistake in the product category code entered, leading to the system not recognizing it.
  
  
  Solution:
  
  
  Check Product Category Configuration:
  
  Go to the configuration settings in SAP (usually in the SPRO transaction).
  Navigate to the relevant section for loss allowance or credit risk management.
  Ensure that the product category in question is configured to support loss allowance calculations.
  
  
  
  Update