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

MG118 - Overview

• 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