How To Fix MM066 - Only price control S is possible with ML settlement control 3

SAP Error Message - Details

• Message type: E = Error

• Message class: MM - Messages for material master maintenance and Customizing

• Message number: 066

• Message text: Only price control S is possible with ML settlement control 3

Self-Explanatory Message

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• What is the cause and solution for SAP error message MM066 - Only price control S is possible with ML settlement control 3 ?

  The SAP error message MM066, which states "Only price control S is possible with ML settlement control 3," typically occurs in the context of Material Management (MM) when dealing with Material Ledger (ML) and inventory valuation. This error indicates a conflict between the price control settings and the Material Ledger settlement control settings.
  Cause:
  
  
  Price Control Settings: The error arises when the material is set to use a price control type that is incompatible with the selected Material Ledger settlement control. Specifically, the price control type 'S' (Standard Price) is required when the Material Ledger is set to settlement control '3' (which indicates that the material is managed in the Material Ledger with actual costing).
  
  
  Material Ledger Configuration: The configuration of the Material Ledger may not align with the material's price control settings. If the material is set to use moving average price (V) or any other price control type, it will lead to this error when trying to perform certain transactions.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Material Master Settings:
  
  Go to the Material Master (Transaction Code: MM03) and check the price control setting for the material in question. Ensure that it is set to 'S' (Standard Price) if you are using Material Ledger settlement control '3'.
  
  
  
  Adjust Material Ledger Settings:
  
  If the material is intended to use moving average price (V), you may need to change the Material Ledger settlement control to a compatible setting. This can be done in the configuration settings for the Material Ledger.
  
  
  
  Change Price Control:
  
  If the material should indeed use standard pricing, you may need to change the price control from 'V' to 'S'. This can be done by creating a new material or changing the existing material's price control (note that changing price control may have implications on historical data).
  
  
  
  Consult Configuration:
  
  If you are unsure about the implications of changing these settings, consult with your SAP MM configuration team or refer to SAP documentation for guidance on Material Ledger and price control settings.
  
  
  
  Related Information:
  
  
  Material Ledger: The Material Ledger is a tool in SAP that allows for actual costing and provides detailed inventory valuation. It is essential for companies that need to track actual costs and manage inventory more accurately.
  
  
  Price Control Types:
  
  S (Standard Price): Fixed price for the material, which does not change with each purchase.
  V (Moving Average Price): Price that fluctuates based on the average of all purchases.
  
  
  
  Settlement Control: The settings for how costs are settled in the Material Ledger, which can affect how materials are valued and reported.
  
  
  SAP Notes and Documentation: Always check for relevant SAP Notes or documentation that may provide additional insights or updates regarding this error message.
  
  
  By following these steps and understanding the underlying concepts, you should be able to resolve the MM066 error effectively.