How To Fix VAL402 - Product category &2 is not supported by index valuation

VAL402 - Overview

• Message type: E = Error

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

• Message number: 402

• Message text: Product category &2 is not supported by index valuation

What causes this issue?

The position is managed according to position management procedure &V1&
.
This position management procedure contains the step 'index valuation'.
However, this step is only appropriate for index-linked bonds.

System Response

The index valuation step does not provide any valuation amount for 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.

VAL402 - Details

• The SAP error message VAL402 indicates that the product category specified (represented by &2) is not supported for index valuation in the context of inventory valuation. This typically occurs when trying to perform a valuation or inventory management operation that requires index valuation, but the product category in question is not configured to use this method.
  
  Cause:
  
  Product Category Configuration: The product category may not be set up to support index valuation in the system. This can happen if the product category is not intended for index-based valuation or if it has been incorrectly configured.
  Valuation Method: The valuation method assigned to the material or product category may not be compatible with index valuation.
  Material Master Settings: The material master record for the product may not have the correct settings for index valuation.
  
  
  Solution:
  
  
  Check Product Category Settings:
  
  Go to the configuration settings for product categories in SAP (Transaction code: SPRO).
  Navigate to the relevant section for inventory