How To Fix FINS_ML_AIV023 - Material Price control indicator &1 unknown for KALNR &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ML_AIV -

• Message number: 023

• Message text: Material Price control indicator &1 unknown for KALNR &2

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ML_AIV023 - Material Price control indicator &1 unknown for KALNR &2 ?

  The SAP error message FINS_ML_AIV023 indicates that there is an issue with the material price control indicator for a specific material (identified by the KALNR, which is the material number). This error typically arises in the context of Material Ledger (ML) and can occur during various transactions, such as posting goods movements or during the month-end closing process.
  Cause:
  
  
  Unknown Price Control Indicator: The error suggests that the price control indicator for the specified material is not recognized by the system. This could happen if:
  
  The material has not been properly configured in the system.
  The material master data is incomplete or incorrect.
  The material is not assigned to a valid valuation area or company code.
  The material is not set up for the Material Ledger.
  
  
  
  Configuration Issues: There may be issues with the configuration of the Material Ledger or the price control settings in the system.
  
  
  Solution:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03) and check the price control indicator in the Accounting view. Ensure that it is set correctly (e.g., Standard Price (S) or Moving Average Price (V)).
  Verify that the material is assigned to the correct valuation area and company code.
  
  
  
  Review Material Ledger Configuration:
  
  Ensure that the Material Ledger is activated for the relevant company code and that the necessary settings are in place.
  Check the configuration for price control indicators in the Material Ledger settings (transaction code OMX1).
  
  
  
  Validate Valuation Classes:
  
  Ensure that the valuation class assigned to the material is valid and correctly configured in the system.
  
  
  
  Check for Missing Entries:
  
  If the material is new, ensure that all necessary entries in the configuration tables are present.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the error message for any specific guidance or patches that may address the issue.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Material Ledger: A sub-ledger in SAP that allows for the tracking of material movements and valuations in multiple currencies and periods.
  Price Control Indicators: These indicators determine how the system values inventory and cost of goods sold (COGS). The two main types are:
  
  Standard Price (S): Fixed price for the material.
  Moving Average Price (V): Average price based on the most recent purchases.
  
  
  Transaction Codes:
  
  MM03: Display Material Master
  OMX1: Configuration for Material Ledger
  MB1A: Goods Withdrawal
  MB1B: Transfer Posting
  
  
  
  By following these steps, you should be able to identify and resolve the issue related to the error message FINS_ML_AIV023.