How To Fix MY100 - FIFO valuation has not been defined

MY100 - Overview

• Message type: E = Error

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

• Message number: 100

• Message text: FIFO valuation has not been defined

What causes this issue?

FIFO valuation has not been defined in the Customizing system.

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?

Your system administrator will have to activate balance sheet valuation
(valuation of stocks for balance sheet purposes) in Customizing.
<DS:TRANS.OMWE>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MY100 - FIFO valuation has not been defined ?

  The SAP error message MY100, which states "FIFO valuation has not been defined," typically occurs in the context of inventory management and valuation methods in SAP. This error indicates that the system is unable to perform a FIFO (First In, First Out) valuation for materials because the necessary configuration has not been set up.
  
  Cause:
  
  Missing Configuration: The FIFO valuation method has not been defined for the material in question. This can happen if the material master data is incomplete or if the valuation settings have not been properly configured in the system.
  Material Type: The material type may not support FIFO valuation. Certain material types may have specific valuation methods assigned to them.
  Valuation Area Settings: The valuation area (plant or company code) may not have FIFO defined as a valid valuation method.
  
  
  Solution:
  To resolve the MY100 error, you can follow these steps:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03).
  Check