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

MY062 - Overview

• 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.

MY062 - Details

• 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