No valuation area exists for plant &

What causes this issue?

No valuation area could be found for plant &V1&.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the entered plant and correct it if necessary. If the plant
is correct, your system administration has to add missing plant and
valuation area settings.

Error message extract from SAP system. Copyright SAP SE.