How To Fix MY063 - Error during price update for material & in material ledger

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 063

• Message text: Error during price update for material & in material ledger

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 MY063 - Error during price update for material & in material ledger ?

  The SAP error message MY063, which states "Error during price update for material & in material ledger," typically occurs during the process of updating prices in the Material Ledger. This error can arise due to various reasons, and understanding the cause is essential for resolving it.
  Causes of MY063 Error
  
  
  Incorrect Configuration: The Material Ledger may not be properly configured for the material in question. This includes settings related to price control, valuation class, or currency.
  
  
  Missing Master Data: The material master data may be incomplete or incorrect. This can include missing valuation data or incorrect accounting views.
  
  
  Price Change Issues: If there are inconsistencies in the price change records or if the price change is not valid for the current period, this error can occur.
  
  
  Document Posting Issues: If there are issues with the documents that are being posted (e.g., goods movements, invoices), it can lead to errors during the price update.
  
  
  Locked Records: If the material is locked for some reason (e.g., due to a previous transaction that has not been completed), it can prevent the price update.
  
  
  Currency Conversion Issues: If there are issues with currency conversion or if the currency settings are not aligned, it can lead to this error.
  
  
  Solutions to MY063 Error
  
  
  Check Configuration: Review the configuration settings for the Material Ledger and ensure that they are correctly set up for the material in question.
  
  
  Review Material Master Data: Verify that the material master data is complete and accurate. Check the accounting views and ensure that all necessary fields are filled out.
  
  
  Analyze Price Change Records: Look into the price change records for the material and ensure that they are valid and correctly set up for the current period.
  
  
  Check Document Status: Ensure that all related documents (goods movements, invoices) are posted correctly and that there are no pending transactions that could be causing the lock.
  
  
  Unlock Records: If the material is locked, identify the reason for the lock and resolve it. This may involve completing or reversing previous transactions.
  
  
  Currency Settings: Check the currency settings for the material and ensure that they are consistent with the company code and other relevant settings.
  
  
  Related Information
  
  
  Transaction Codes: You may use transaction codes like MM03 (Display Material), MM02 (Change Material), and MB51 (Material Document List) to investigate the material and its transactions.
  
  
  Material Ledger Configuration: Review the configuration settings in the SPRO transaction under "Logistics > Materials Management > Material Ledger."
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the MY063 error. SAP Notes can provide patches or additional guidance.
  
  
  Debugging: If the issue persists, consider debugging the process to identify the exact point of failure. This may require assistance from a technical consultant.
  
  
  By following these steps, you should be able to identify the cause of the MY063 error and implement a solution to resolve it. If the problem continues, it may be beneficial to consult with your SAP support team or a technical expert.