How To Fix FML_PRICE_MANAGER005 - Key with invalid Price Type &1 requested

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_PRICE_MANAGER - Price Manager related Messages

• Message number: 005

• Message text: Key with invalid Price Type &1 requested

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_MANAGER005 - Key with invalid Price Type &1 requested ?

  The SAP error message FML_PRICE_MANAGER005 indicates that there is an issue with the price type being used in a financial transaction or pricing procedure. Specifically, the error message states that a key with an invalid price type has been requested. This typically occurs in the context of financial management or pricing in SAP systems.
  Cause:
  
  Invalid Price Type: The price type specified in the transaction does not exist or is not defined in the system.
  Configuration Issues: There may be a configuration issue in the pricing procedure or the price type settings in the system.
  Data Entry Error: The user may have entered an incorrect price type manually.
  Missing Master Data: The relevant master data (like condition records) for the specified price type may not be maintained.
  
  Solution:
  
  Check Price Type: Verify the price type being used in the transaction. Ensure that it is valid and correctly entered.
  Configuration Review: Review the configuration settings for pricing in the SAP system. This includes checking the pricing procedure and ensuring that the price types are correctly defined.
  Maintain Master Data: If the price type is valid but not found, ensure that the necessary master data (like condition records) is maintained for that price type.
  Consult Documentation: Refer to SAP documentation or help resources to understand the valid price types and their configurations.
  Transaction Codes: Use transaction codes like VK11 (Create Condition) or VK12 (Change Condition) to check and maintain condition records related to pricing.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Logs: Review transaction logs for additional context on when and why the error occurred.
  User Authorization: Ensure that the user has the necessary authorizations to access and modify pricing information.
  Testing: If changes are made, conduct thorough testing to ensure that the issue is resolved and that no new issues arise.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.