How To Fix FML_PRICE_MANAGER003 - Price Type &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_PRICE_MANAGER - Price Manager related Messages

• Message number: 003

• Message text: Price Type &1 does not exist

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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 FML_PRICE_MANAGER003 - Price Type &1 does not exist ?

  The SAP error message FML_PRICE_MANAGER003 indicates that a specified price type (denoted by &1) does not exist in the system. This error typically arises in the context of financial transactions, pricing procedures, or when working with price management functionalities in SAP.
  Cause:
  
  Non-Existent Price Type: The price type you are trying to use has not been defined in the system.
  Incorrect Configuration: The configuration settings for price types may be incomplete or incorrect.
  Data Entry Error: There may be a typographical error in the price type code being used.
  Missing Customization: If the system has been customized, the necessary price types may not have been created or activated.
  
  Solution:
  
  
  Check Price Type Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually found in the SPRO transaction).
  Go to the section for price management or pricing procedures and verify that the price type in question is defined.
  
  
  
  Create or Modify Price Type:
  
  If the price type does not exist, you may need to create it. This typically involves defining the price type in the system and ensuring it is properly configured.
  If it exists but is not active, you may need to activate it.
  
  
  
  Verify Input:
  
  Double-check the input for the price type to ensure there are no typographical errors.
  Ensure that the correct price type is being referenced in your transaction or process.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or user manuals for your specific SAP module to understand the expected price types and their configurations.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with transaction codes related to pricing and configuration, such as SPRO (Customizing), SE11 (Data Dictionary), or SE80 (Object Navigator).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to view and modify price types in the system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.