How To Fix FBV_JOB029 - No minimum price for material &1, valuation area &2, valuation type &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FBV_JOB - Messages for Balance Sheet Valuation

• Message number: 029

• Message text: No minimum price for material &1, valuation area &2, valuation type &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FBV_JOB029 - No minimum price for material &1, valuation area &2, valuation type &3 ?

  The SAP error message FBV_JOB029 indicates that there is no minimum price defined for a specific material in a given valuation area and valuation type. This error typically arises in the context of financial transactions, particularly when dealing with materials that have a valuation method based on moving average price or standard price.
  Cause:
  
  Missing Minimum Price: The primary cause of this error is that the minimum price for the specified material, valuation area, and valuation type has not been maintained in the system.
  Incorrect Material Master Data: The material master data may not have been set up correctly, or the relevant fields for minimum pricing may not have been filled out.
  Valuation Type Issues: The valuation type specified may not have a corresponding minimum price defined in the system.
  
  Solution:
  
  
  Maintain Minimum Price:
  
  Go to the material master record for the specified material.
  Navigate to the Accounting view.
  Check the fields related to minimum pricing and ensure that a minimum price is defined for the relevant valuation area and valuation type.
  If necessary, update the minimum price accordingly.
  
  
  
  Check Valuation Type:
  
  Ensure that the valuation type you are using is correctly set up in the system and that it corresponds to the material and valuation area in question.
  
  
  
  Review Material Master Data:
  
  Verify that all relevant data in the material master is complete and accurate.
  If the material is new, ensure that all necessary configurations have been completed.
  
  
  
  Consult with a SAP Consultant:
  
  If you are unsure about how to proceed or if the issue persists after checking the above points, it may be beneficial to consult with a SAP functional consultant who specializes in Material Management (MM) or Financial Accounting (FI).
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like MM02 (Change Material) to update the material master data or MM03 (Display Material) to view the current settings.
  Documentation: Refer to SAP Help documentation for detailed information on material valuation and pricing procedures.
  Customizing Settings: Check the customizing settings in SPRO related to material valuation and pricing to ensure that they are set up correctly.
  
  By addressing the above points, you should be able to resolve the FBV_JOB029 error and ensure that the minimum price is correctly maintained for the material in question.