Enter a valid attendance type

What causes this issue?

You specified the attendance type "&V1&". The system can find no valid
values for this in table T554S.

How to fix this error?

Press F4 to display a list of valid values and select a value from the
list.
Should you require another attendance type, you must maintain the
required value in Customizing in table T554S.

Error message extract from SAP system. Copyright SAP SE.