How To Fix ICC_CL062 - Opening balance does not exist for material &1 in valuation area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: ICC_CL - Messages (Chile)

• Message number: 062

• Message text: Opening balance does not exist for material &1 in valuation area &2

What causes this issue?

An error has occurred in function module CKML_F_PERIOD_READ_WITH_ITAB
for material &1 in valuation area &2.

System Response

The system cannot determine this material's opening balance for the
period. The closing balance is either missing or wrong.

How to fix this error?

Contact your system administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ICC_CL062 - Opening balance does not exist for material &1 in valuation area &2 ?

  The SAP error message ICC_CL062 indicates that there is no opening balance for a specific material in a given valuation area. This error typically arises during processes such as inventory valuation, material movements, or when trying to perform a transaction that requires an opening balance for the material in question.
  Cause:
  
  
  No Opening Balance: The most common cause is that the material does not have an opening balance recorded in the specified valuation area. This can happen if the material was created recently and has not yet been stocked or if the opening balance was not properly set up during the initial configuration.
  
  
  Incorrect Valuation Area: The valuation area specified may not be correct, or the material may not be assigned to that valuation area.
  
  
  Data Migration Issues: If data was migrated from another system, there may have been issues in transferring the opening balances correctly.
  
  
  Material Master Configuration: The material master record may not be configured correctly, leading to discrepancies in the valuation area settings.
  
  
  Solution:
  
  
  Check Material Master: Verify the material master record for the material in question. Ensure that it is correctly set up in the appropriate valuation area and that the valuation type is correct.
  
  
  Enter Opening Balance: If the material is new and does not have an opening balance, you may need to enter the opening balance manually. This can typically be done through a stock posting transaction (e.g., MB1C for initial stock entry).
  
  
  Review Valuation Area: Ensure that the valuation area specified in the error message is correct. If the material is not supposed to be in that valuation area, correct the transaction or configuration.
  
  
  Check Configuration: Review the configuration settings for the material and valuation area in the SAP system. Ensure that all necessary settings are in place for the material to be valued correctly.
  
  
  Data Migration Review: If this issue arose after a data migration, review the migration process to ensure that all opening balances were transferred correctly.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific instructions related to your version of SAP, as the steps may vary slightly depending on the system configuration.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  MM01: Create Material
  MM02: Change Material
  MB1C: Enter Initial Stock
  MB52: List Warehouse Stocks on Hand
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common problems.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform the required transactions related to material management.
  
  
  By following these steps, you should be able to identify the cause of the ICC_CL062 error and implement the appropriate solution.