How To Fix ML4HRUN063 - External price is defined wrongly

SAP Error Message - Details

• Message type: E = Error

• Message class: ML4HRUN - Messages for New Actual Costing

• Message number: 063

• Message text: External price is defined wrongly

What causes this issue?

You want to perform the settlement for the material.
In the relevant period, the price for ending inventory or cumulative
inventory is supplied by an external valuation
or Business Add-In. However, one of the following characteristics in the
definition of the external price is wrong:
Reference quantity
Unit of measure
Currency key

System Response

The system ignores the external price.

How to fix this error?

Define the external price with reference to
either a positive reference quantity or the price unit<(>,<)>
the quantity unit for valuation<(>,<)>
the currency key that corresponds to the currency type in the plant of
the material

Procedure for System Administrators

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 ML4HRUN063 - External price is defined wrongly ?

  The SAP error message ML4HRUN063: External price is defined wrongly typically occurs in the context of Material Management (MM) or Logistics when there is an issue with the pricing of materials, particularly when dealing with external procurement or pricing conditions.
  Causes:
  
  Incorrect Pricing Conditions: The external price defined in the pricing conditions may not match the expected format or value. This could be due to incorrect entries in the condition records.
  Currency Issues: There may be a mismatch in currency settings between the purchasing document and the pricing conditions.
  Invalid Condition Type: The condition type used for pricing may not be valid or properly configured in the system.
  Master Data Issues: The material master or vendor master data may have inconsistencies or missing information that affects pricing.
  Configuration Errors: There may be issues in the configuration of the pricing procedure or the access sequence that determines how prices are retrieved.
  
  Solutions:
  
  
  Check Pricing Conditions:
  
  Go to the transaction code VK13 (Display Condition) to review the condition records for the relevant condition type.
  Ensure that the external price is correctly defined and that the validity dates are appropriate.
  
  
  
  Verify Currency Settings:
  
  Check the currency settings in the purchasing document and ensure they match the currency defined in the pricing conditions.
  Ensure that the exchange rates are correctly maintained if currency conversion is involved.
  
  
  
  Review Condition Types:
  
  Ensure that the condition type used for pricing is valid and properly configured in the pricing procedure.
  Check the configuration in transaction code V/08 (Maintain Pricing Procedures) to ensure that the condition type is included in the pricing procedure.
  
  
  
  Examine Master Data:
  
  Review the material master (transaction code MM03) and vendor master (transaction code XK03) for any inconsistencies or missing data that could affect pricing.
  Ensure that the relevant purchasing info records (transaction code ME13) are correctly maintained.
  
  
  
  Check Configuration:
  
  If you have access, review the configuration settings for pricing procedures and access sequences in the SAP IMG (Implementation Guide).
  Ensure that the access sequence is correctly set up to retrieve the appropriate pricing conditions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on the error message and related configuration settings.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  VK13: Display Condition Records
  MM03: Display Material Master
  XK03: Display Vendor Master
  ME13: Display Info Record
  V/08: Maintain Pricing Procedures
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the error message ML4HRUN063.