How To Fix ML4HRUN063 - External price is defined wrongly

ML4HRUN063 - Overview

• 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.

ML4HRUN063 - Details

• 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