How To Fix MY014 - No price source was selected. Please check

SAP Error Message - Details

• Message type: E = Error

• Message class: MY - Messages for Balance Sheet Valuation(Low.Val.Det./LIFO/FIFO)

• Message number: 014

• Message text: No price source was selected. Please check

What causes this issue?

You have not entered any price source.

System Response

To determine the current market price, the system requires at least
one price source.

How to fix this error?

Please select at least one price source.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MY014 - No price source was selected. Please check ?

  The SAP error message MY014 ("No price source was selected. Please check") typically occurs in the context of materials management, particularly when dealing with pricing in purchasing documents or inventory management. This error indicates that the system could not find a valid price source for the material or service you are trying to process.
  Causes:
  
  Missing Price Conditions: The material may not have any valid price conditions set up in the system.
  Incorrect Pricing Procedure: The pricing procedure assigned to the document type or the vendor may not be configured correctly.
  Invalid or Incomplete Master Data: The material master or vendor master data may be incomplete or not properly maintained.
  Price Source Not Defined: The system may not have a defined price source for the specific transaction or document type.
  Document Type Issues: The document type being used may not be set up to allow for the selection of price sources.
  
  Solutions:
  
  
  Check Price Conditions:
  
  Go to the transaction code MEK1 (Create Condition) or MEK2 (Change Condition) to check if there are valid price conditions for the material and vendor combination.
  Ensure that the conditions are valid for the relevant purchasing organization and plant.
  
  
  
  Review Pricing Procedure:
  
  Check the pricing procedure assigned to the purchasing document type and ensure it is correctly configured.
  Use transaction code OBQ1 to review and adjust the pricing procedure if necessary.
  
  
  
  Verify Master Data:
  
  Check the material master data using transaction code MM03 to ensure that all necessary fields are filled out, especially in the purchasing view.
  Review the vendor master data using transaction code XK03 to ensure that the vendor is set up correctly and has valid purchasing information.
  
  
  
  Define Price Source:
  
  If the price source is not defined, you may need to set it up in the configuration settings. This can typically be done in the customizing settings under the relevant pricing area.
  
  
  
  Check Document Type Settings:
  
  Ensure that the document type you are using is configured to allow for the selection of price sources. This can be checked in the configuration settings for purchasing documents.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  MEK1, MEK2: For managing pricing conditions.
  MM03: For viewing material master data.
  XK03: For viewing vendor master data.
  OBQ1: For reviewing pricing procedures.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to pricing and the MY014 error.
  
  
  Documentation: Refer to SAP Help documentation for detailed information on pricing procedures and condition records.
  
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in materials management and pricing.