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"For Company Code XXXX, Valuation type 1 is not allowed" How 2 overcm this?


I started working on SAP FICO. For two hours I tried figuring out solution to the error I got. Here is what I did

I have created a new company. I gave the country and currency.

I defined one leading and two non-leading ledgers to that company.

I defined currency for the leading ledger.(1st Local currency).

IMG-> Financial Accounting (New)-> Financial Accounting Global Settings(New)-> Ledgers-> Ledger-> Define Currencies of Leading Ledger

Here comes the problem

I tried configuring the group Currency.(2nd and 3rd local currency) in Screen "Change View Addition Local Currencies for company code".

the currency field got grayed out in both 2nd and 3rd local currency.

Its not Accepting the Legal Valuation(1) in Valuation Field.

The Error I have got is

For Company Code XXXX, The Valuation type 1 is not allowed.

I can find 3 valuation views in my system. Its Legal,Group and Profit center.

Can Anyone help me with this.

Thanks for your time.



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