How To Fix MY050 - Only select planned prices with appropriate dates

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 050

• Message text: Only select planned prices with appropriate dates

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MY050 - Only select planned prices with appropriate dates ?

  The SAP error message MY050 ("Only select planned prices with appropriate dates") typically occurs in the context of Material Management (MM) or Production Planning (PP) when there is an issue with the pricing data being used in a transaction. This error indicates that the system is unable to find a valid planned price for the material based on the date specified in the transaction.
  Causes:
  
  Date Mismatch: The date for which you are trying to retrieve the planned price does not fall within the validity period of the planned prices maintained in the system.
  Missing Price Records: There may be no planned prices defined for the material in the specified time frame.
  Incorrect Material Master Data: The material master data may not be set up correctly, leading to issues in retrieving the planned prices.
  Price Change Not Updated: If there was a recent change in pricing that has not been updated or activated in the system, it may lead to this error.
  
  Solutions:
  
  Check Validity Dates: Verify the validity dates of the planned prices for the material in question. You can do this by navigating to the material master record and checking the pricing conditions.
  Update Planned Prices: If the planned prices are missing or incorrect, you may need to update or create new planned prices in the system. This can be done through transaction codes like MR21 (Change Material Price) or MEK1 (Create Condition).
  Review Material Master Data: Ensure that the material master data is correctly maintained, including the relevant views for pricing.
  Check for Recent Changes: If there have been recent changes to pricing, ensure that they have been properly saved and activated in the system.
  Consult with Pricing Team: If you are unsure about the pricing setup, consult with your pricing or finance team to ensure that the planned prices are correctly configured.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM03 (Display Material), MEK1 (Create Condition), and MR21 (Change Material Price).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation or help files related to material pricing and planned prices for further insights.
  
  By following these steps, you should be able to identify the cause of the MY050 error and implement the necessary solutions to resolve it.