How To Fix W7034 - Error reading valuation area &1

W7034 - Overview

• Message type: E = Error

• Message class: W7 - Message Class for Value-Only Based Inventory Management

• Message number: 034

• Message text: Error reading valuation area &1

What causes this issue?

Valuation area &V1& does not exist.

How to fix this error?

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Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message W7034 - Error reading valuation area &1 ?

  SAP Error Message:
  W7034 - Error reading valuation area &1
  
  
  Cause:
  The warning message W7034 occurs when SAP tries to read data for a specific valuation area (usually a plant or company code level in inventory valuation) but fails to find or access the relevant data. This can happen due to:
  
  The valuation area specified does not exist in the system.
  The valuation area is not properly maintained or configured in the system.
  Missing or inconsistent master data related to the valuation area.
  Authorization issues preventing access to the valuation area data.
  Data inconsistencies or incomplete data in tables related to valuation areas (e.g., T001L, T001K, or material master valuation views).
  
  
  Typical Scenarios:
  
  During material master data processing (MM01/MM02).
  When running inventory valuation or material ledger reports.
  During goods movement postings or invoice verification.
  When executing custom programs or standard SAP reports that require valuation area data.
  
  
  
  Solution:
  
  
  Check Valuation Area Configuration:
  
  Verify that the valuation area (&1) exists in the system.
  Use transaction OMWB (Define Valuation