How To Fix CRM_PRODUCT_FINANCE142 - Tax pricing strategy &1 is not valid; correct the entry

SAP Error Message - Details

• Message type: E = Error

• Message class: CRM_PRODUCT_FINANCE - Message Class for CRM_PRODUCT_FINANCE Development Class

• Message number: 142

• Message text: Tax pricing strategy &1 is not valid; correct the entry

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CRM_PRODUCT_FINANCE142 - Tax pricing strategy &1 is not valid; correct the entry ?

  The SAP error message CRM_PRODUCT_FINANCE142 indicates that there is an issue with the tax pricing strategy that has been assigned to a product in the SAP CRM system. Specifically, the error message states that the tax pricing strategy specified is not valid, and it prompts the user to correct the entry.
  Cause:
  
  Invalid Tax Pricing Strategy: The tax pricing strategy specified in the product master data or during the transaction is not defined in the system.
  Configuration Issues: The tax pricing strategy may not be properly configured in the system, or it may have been deleted or deactivated.
  Data Entry Errors: There may be a typographical error in the entry of the tax pricing strategy.
  Missing Customizing: The necessary customizing settings for tax pricing strategies may not have been completed in the system.
  
  Solution:
  
  
  Check the Tax Pricing Strategy:
  
  Go to the product master data and verify the tax pricing strategy assigned to the product.
  Ensure that the strategy is correctly entered and matches the valid entries in the system.
  
  
  
  Review Configuration:
  
  Access the customizing settings in SAP (transaction code SPRO) and navigate to the relevant section for tax configuration.
  Ensure that the tax pricing strategy is defined and active.
  
  
  
  Correct Data Entry:
  
  If there is a typographical error, correct it in the product master data or during the transaction entry.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to tax pricing strategies to ensure that you are using the correct codes and configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as CRMD_ORDER for managing CRM orders or MM02 for changing material master data.
  Customizing Path: The path in SPRO for tax configuration typically involves navigating to:
  
  Financial Accounting (New) > Tax on Sales/Purchases > Basic Settings > Define Tax Calculation Procedures.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or patches related to this error.
  
  By following these steps, you should be able to identify and resolve the issue related to the CRM_PRODUCT_FINANCE142 error message.