How To Fix J#056 - Purchase price in local currency not found

SAP Error Message - Details

• Message type: E = Error

• Message class: J# -

• Message number: 056

• Message text: Purchase price in local currency not found

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message J#056 - Purchase price in local currency not found ?

  The SAP error message J#056, which states "Purchase price in local currency not found," typically occurs in the context of purchasing and procurement processes. This error indicates that the system is unable to find a valid purchase price for a material in the local currency specified in the transaction. Here are some potential causes, solutions, and related information for this error:
  Causes:
  
  Missing Price in Material Master: The material master record may not have a purchase price defined in the local currency.
  Currency Settings: The currency settings in the purchasing info record or material master may not match the local currency of the company code.
  Info Record Issues: The purchasing info record for the vendor and material combination may not have a valid price set.
  Price Change Not Updated: If there was a recent change in the price or currency settings, the system may not have updated the relevant records.
  Incorrect Purchase Organization: The purchase organization may not be correctly set up or linked to the material or vendor.
  
  Solutions:
  
  
  Check Material Master:
  
  Go to the material master record (transaction code MM03) and verify that the purchasing view has a valid purchase price in the local currency.
  If not, update the material master with the correct price.
  
  
  
  Review Purchasing Info Record:
  
  Check the purchasing info record (transaction code ME13) for the specific vendor and material combination to ensure that a valid price exists.
  If the price is missing, create or update the info record with the correct price.
  
  
  
  Verify Currency Settings:
  
  Ensure that the currency settings in the material master and info record match the local currency of the company code.
  If there are discrepancies, correct them accordingly.
  
  
  
  Update Price Changes:
  
  If there have been recent price changes, ensure that they have been properly updated in the system.
  Use transaction code ME1M to check and update prices if necessary.
  
  
  
  Check Purchase Organization:
  
  Verify that the correct purchasing organization is assigned to the material and vendor.
  If necessary, adjust the purchasing organization settings.
  
  
  
  Consult with Finance:
  
  If the issue persists, consult with the finance team to ensure that there are no underlying issues with currency conversion or financial settings.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  MM03: Display Material Master
  ME13: Display Purchasing Info Record
  ME1M: Info Records by Material
  
  
  Documentation: Refer to SAP Help documentation for detailed information on material master and purchasing info records.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  By following these steps, you should be able to identify and resolve the cause of the J#056 error in SAP. If the problem continues, it may be beneficial to involve your SAP support team for further investigation.