How To Fix MG118 - Transaction &: valuation type reset (new material created)

SAP Error Message - Details

• Message type: E = Error

• Message class: MG - Batch input: material master

• Message number: 118

• Message text: Transaction &: valuation type reset (new material created)

What causes this issue?

You cannot assign the material to a valuation type when you create its
material master record. The valuation category must first be specified
on the accounting screen of the material master record.

System Response

The valuation category you have specified will be reset.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MG118 - Transaction &: valuation type reset (new material created) ?

  The SAP error message MG118, which states "Transaction &: valuation type reset (new material created)," typically occurs in the context of inventory management and material valuation in SAP. This error is related to the creation of a new material master record and the associated valuation type.
  Cause:
  The error message MG118 is triggered when:
  
  A new material is created, and the system attempts to assign a valuation type that does not exist or is not valid for the material.
  The valuation type is not defined in the material master for the specific valuation area.
  There may be inconsistencies in the configuration of the material master data, particularly in the accounting view or valuation view.
  
  Solution:
  To resolve the MG118 error, you can follow these steps:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03) and verify the accounting view.
  Ensure that the valuation type is correctly defined and exists for the material.
  
  
  
  Define Valuation Types:
  
  If the valuation type is missing, you may need to define it in the system. This can be done in the configuration settings:
  
  Use transaction code SPRO to access the SAP Customizing Implementation Guide.
  Navigate to Logistics > Material Management > Material Master > Valuation > Define Valuation Types.
  Create or adjust the valuation types as necessary.
  
  
  
  
  
  Check Valuation Area Settings:
  
  Ensure that the valuation area (plant) is correctly set up to use the valuation type.
  Verify that the valuation type is assigned to the correct valuation area in the configuration.
  
  
  
  Recreate Material:
  
  If the issue persists, consider deleting the problematic material and recreating it with the correct settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for additional context on valuation types and material master data.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Valuation Type: This is a classification that allows for different valuation methods for the same material. It is often used in scenarios where materials have different characteristics or costs.
  Material Master Data: This is a central repository of information related to materials, including descriptions, units of measure, and valuation data.
  Transaction Codes:
  
  MM01: Create Material
  MM02: Change Material
  MM03: Display Material
  MMBE: Stock Overview
  
  
  Configuration Settings: Understanding the configuration settings in SAP for material management is crucial for troubleshooting issues related to material valuation.
  
  By following these steps and understanding the underlying concepts, you should be able to resolve the MG118 error effectively.