Update control of movement type is incorrect (entry &)

What causes this issue?

The system could not find entry &V1& in any of the movement type control
tables.

System Response

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?

Cancel current processing.
INCLUDE NA_SYSADMIN1
IF &[SWITCH]S4H_DOCU_ON_PREMISE& = 'X'.


Action to be taken by the system administrator
Check in Customizing for Inventory Management under
<DS:SIMG.SIMG_CFMENUOLMBOMBQ>Copy, Change Movement Types</> whether the
entry is contained in the <LS>Update control</> view for the movement
type.
If the entry is missing, proceed as follows:
For standard movement types, this means that the given process is not
supported using the present data combination. Do not create any entries
without prior arrangement with your SAP consultant. Otherwise, incorrect
postings may result.
For customer-defined movement types (beginning with 9, X, Y, or Z), this
may mean that they have not been fully defined. Delete the movement type
and re-create it by copying a standard movement type.
ENDIF.

Error message extract from SAP system. Copyright SAP SE.