How To Fix MY062 - Error during direct update of price for material &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 062

• Message text: Error during direct update of price for material &

What causes this issue?

The system could not valuate the material.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

If the material is to be valuated, you have the following options:
Manually process the material master data, such as the material price
change.
Contact your system administrator.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MY062 - Error during direct update of price for material & ?

  The SAP error message MY062, which states "Error during direct update of price for material &," typically occurs during the process of updating the price of a material in the system. This error can arise due to various reasons, and understanding the cause is essential for finding an appropriate solution.
  Causes of MY062 Error
  
  
  Data Inconsistency: There may be inconsistencies in the material master data or related tables that prevent the price update from being processed correctly.
  
  
  Locked Records: The material or related records might be locked by another transaction or user, preventing the update from being completed.
  
  
  Authorization Issues: The user attempting to perform the price update may not have the necessary authorizations to make changes to the material pricing.
  
  
  Configuration Issues: There may be issues with the configuration settings in the material management module that affect how prices are updated.
  
  
  Batch Input Issues: If the price update is being performed through a batch input session, there may be errors in the data being processed.
  
  
  System Errors: There could be underlying system errors or bugs that are causing the update process to fail.
  
  
  Solutions to MY062 Error
  
  
  Check Material Master Data: Verify the material master data for any inconsistencies or missing information. Ensure that all required fields are filled out correctly.
  
  
  Unlock Records: If the material or related records are locked, identify the user or transaction that is holding the lock and resolve the issue. You can use transaction code SM12 to check for and delete locks.
  
  
  Review Authorizations: Ensure that the user has the necessary authorizations to update material prices. You can check this using transaction code SU53 to analyze authorization failures.
  
  
  Configuration Review: Review the configuration settings in the material management module to ensure they are set up correctly for price updates.
  
  
  Check Batch Input Sessions: If using batch input, review the batch input session for errors. You can use transaction code SM35 to monitor and analyze batch input sessions.
  
  
  System Logs: Check the system logs (transaction code SLG1) for any additional error messages or information that may provide insight into the issue.
  
  
  Consult SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error or provide patches or updates.
  
  
  Contact SAP Support: If the issue persists after trying the above solutions, consider reaching out to SAP Support for further assistance.
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM02 (Change Material), MM03 (Display Material), and ME21N (Create Purchase Order) for managing material data.
  Material Pricing: Understand the different pricing methods in SAP, such as standard price, moving average price, and how they affect material valuation.
  User Roles: Ensure that user roles and profiles are correctly assigned to allow for necessary transactions related to material pricing.
  
  By following these steps, you should be able to diagnose and resolve the MY062 error effectively.