How To Fix M3067 - Maintenance of LIFO data valid for the entire company code

SAP Error Message - Details

• Message type: E = Error

• Message class: M3 - Material Master

• Message number: 067

• Message text: Maintenance of LIFO data valid for the entire company code

What causes this issue?

You have stored LIFO data for the material in the master record.
This data is valid for the entire company code and not just for the
individual plant, although valuation is at plant level in your system.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M3067 - Maintenance of LIFO data valid for the entire company code ?

  The SAP error message M3067, which states "Maintenance of LIFO data valid for the entire company code," typically occurs in the context of inventory management and accounting when dealing with LIFO (Last In, First Out) inventory valuation methods. This error indicates that there is an issue with the configuration or maintenance of LIFO data that is supposed to be consistent across the entire company code.
  Cause:
  
  LIFO Configuration: The LIFO method requires that certain data be maintained consistently across the entire company code. If there are discrepancies or if the LIFO data is not set up correctly, this error can occur.
  Data Inconsistency: If there are attempts to maintain LIFO data for specific plants or storage locations that conflict with the company code-wide settings, this error may arise.
  Missing Authorizations: Sometimes, the user may not have the necessary authorizations to maintain LIFO data, leading to this error.
  
  Solution:
  
  Check LIFO Configuration: Ensure that the LIFO settings are correctly configured in the system. This includes checking the valuation classes and ensuring that they are set up to use LIFO consistently across the company code.
  Review LIFO Data: Go to the relevant transaction (e.g., transaction code OMC1 for LIFO data maintenance) and verify that the LIFO data is maintained correctly for the entire company code. Make sure there are no discrepancies between different plants or storage locations.
  Authorization Check: Ensure that the user has the necessary authorizations to maintain LIFO data. If not, contact your SAP security administrator to grant the required permissions.
  Consult Documentation: Refer to SAP documentation or help files for specific instructions on maintaining LIFO data and resolving related issues.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on LIFO data maintenance.
  
  Related Information:
  
  LIFO Valuation: Understand how LIFO valuation works in SAP and its implications for financial reporting and inventory management.
  Inventory Management: Familiarize yourself with the broader context of inventory management in SAP, including other valuation methods like FIFO (First In, First Out) and moving average.
  SAP Community: Engage with the SAP Community or forums where other users may have encountered similar issues and can provide insights or solutions.
  
  If the problem persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.