How To Fix KW407 - No prices could be determined for object &.

SAP Error Message - Details

• Message type: E = Error

• Message class: KW - CO-ABC Activity-Based Costing

• Message number: 407

• Message text: No prices could be determined for object &.

What causes this issue?

No price could be found for object &V1& with price indicator &V2& and
value type &V3&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the price manually or have it determined by the system through
the price calculation function.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KW407 - No prices could be determined for object &. ?

  The SAP error message KW407 ("No prices could be determined for object &.") typically occurs in the context of pricing and valuation in SAP, particularly when dealing with cost estimates, sales orders, or other financial transactions. This error indicates that the system was unable to find a valid price for the specified object (e.g., material, service, or other items).
  Causes of KW407 Error
  
  
  Missing Pricing Conditions: The pricing conditions for the material or service may not be maintained in the system. This can happen if the pricing records are not set up correctly in the condition tables.
  
  
  Incorrect Master Data: The material master or service master data may be incomplete or incorrect. For example, the valuation class or pricing group might not be assigned properly.
  
  
  Invalid Validity Period: The pricing conditions may have a validity period that does not include the date of the transaction, leading to the absence of applicable prices.
  
  
  Pricing Procedure Issues: The pricing procedure assigned to the sales document or purchase order may not be configured correctly, or it may not include the necessary condition types.
  
  
  Currency Issues: If there are currency conversion issues or if the pricing conditions are not maintained in the correct currency, this can lead to the error.
  
  
  Document Type Configuration: The document type being used may not be configured to allow for the pricing conditions to be applied.
  
  
  Solutions to KW407 Error
  
  
  Check Pricing Conditions:
  
  Go to the transaction code VK11 (Create Condition) or VK12 (Change Condition) to verify that the necessary pricing conditions are maintained for the relevant material or service.
  Ensure that the condition records are valid for the date of the transaction.
  
  
  
  Review Master Data:
  
  Check the material master data using transaction code MM03 to ensure that all relevant fields, especially those related to pricing and valuation, are filled out correctly.
  Verify that the valuation class is correctly assigned.
  
  
  
  Validate Pricing Procedure:
  
  Use transaction code V/08 to review the pricing procedure assigned to the document type. Ensure that it includes the necessary condition types for pricing.
  
  
  
  Check Validity Period:
  
  Ensure that the validity period of the pricing conditions covers the date of the transaction. If not, update the validity dates.
  
  
  
  Currency Settings:
  
  Verify that the currency settings are correct and that the pricing conditions are maintained in the appropriate currency.
  
  
  
  Document Type Configuration:
  
  Check the configuration of the document type being used to ensure it is set up to allow for the necessary pricing conditions.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  VK11, VK12: For maintaining pricing conditions.
  MM03: For viewing material master data.
  V/08: For reviewing pricing procedures.
  
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to pricing issues. You can search for relevant notes in the SAP Support Portal.
  
  
  Consult Documentation: Review SAP documentation or help files related to pricing and condition records for more detailed guidance.
  
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in pricing and valuation in SAP.