How To Fix FICO1557 - No standard condition exists for validity period of rule

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 557

• Message text: No standard condition exists for validity period of rule

What causes this issue?

You have entered a <DS><DS:DE.FICO_DVALIDFROM_SR>valid-from date</></>
or a <DS><DS:DE.FICO_DVALIDTO_SR>valid-to date</></> for a <DS>
<DS:DE.FICO_IFLDCNTRID>rule</></> in the condition set of rules. There
is no valid standard condition for the specified period.
For individualization, the validity period of the rule must overlap
completely with the validity periods of the related standard condition.

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?

Change the validity period of the rule accordingly.

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 FICO1557 - No standard condition exists for validity period of rule ?

  The SAP error message FICO1557, which states "No standard condition exists for validity period of rule," typically occurs in the context of financial accounting and controlling (FICO) when there is an issue with the configuration of condition records or pricing rules in the system. This error can arise in various scenarios, such as during the execution of a transaction that involves pricing or when trying to apply a specific condition that is not properly defined.
  Cause:
  
  Missing Condition Records: The most common cause is that there are no condition records defined for the specific validity period of the pricing rule you are trying to use.
  Incorrect Configuration: The configuration settings for the pricing procedure or condition types may not be set up correctly.
  Validity Period Issues: The validity period for the condition record may not align with the date of the transaction being processed.
  Master Data Issues: The master data (such as customer or material master) may not have the necessary information or may not be linked correctly to the condition records.
  
  Solution:
  
  
  Check Condition Records:
  
  Go to the transaction code VK11 (Create Condition) or VK12 (Change Condition) to check if the condition records exist for the relevant condition type and validity period.
  If they do not exist, create the necessary condition records.
  
  
  
  Review Pricing Procedure:
  
  Use transaction code V/08 to review the pricing procedure and ensure that the condition types are correctly configured and assigned.
  Make sure that the condition types are active and that the sequence is correct.
  
  
  
  Validate Validity Period:
  
  Ensure that the validity period of the condition records covers the date of the transaction. If the transaction date falls outside the validity period, the system will not find a matching condition.
  
  
  
  Check Master Data:
  
  Verify that the relevant master data (customer, vendor, material) is correctly set up and linked to the condition records.
  Ensure that the necessary fields are filled in the master data that might affect pricing.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP FICO consultant for guidance on setting up condition records and pricing procedures.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  VK11, VK12: For creating and changing condition records.
  V/08: For maintaining pricing procedures.
  V/06: For displaying condition records.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for FICO1557 in the SAP Support Portal.
  
  
  Testing: After making changes, perform a test transaction to ensure that the error is resolved.
  
  
  By following these steps, you should be able to identify the root cause of the FICO1557 error and implement the necessary solutions to resolve it.