How To Fix CKMLWIP050 - WIP revaluation is not allowed for periods &1/&2 in plant &3

CKMLWIP050 - Overview

• Message type: E = Error

• Message class: CKMLWIP - WIP Price Determination

• Message number: 050

• Message text: WIP revaluation is not allowed for periods &1/&2 in plant &3

What causes this issue?

You want to complete WIP revaluation in plant &v3& for periods &v1& /
&v2&.
You can only complete WIP revaluation in the previous or current
period.

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

System Response

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CKMLWIP050 - WIP revaluation is not allowed for periods &1/&2 in plant &3 ?

  The SAP error message CKMLWIP050 indicates that Work in Progress (WIP) revaluation is not allowed for specific periods in a given plant. This error typically arises during the execution of the WIP calculation or during the execution of the WIP revaluation process in the Controlling (CO) module.
  
  Cause:
  The error can occur due to several reasons:
  
  Period Status: The accounting period for the specified plant is closed or not open for posting. In SAP, if a period is closed, no further postings can be made, including WIP revaluation.
  WIP Calculation Settings: The settings for WIP calculation may not allow revaluation for the specified periods.
  
  Configuration Issues: There may be configuration settings in the controlling area or plant that restrict WIP revaluation for certain periods.
  
  
  Solution:
  To resolve the CKMLWIP050 error, you can take the following steps:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 to check the status of the posting periods. Ensure that the periods &1 (month)