How To Fix MY101 - FIFO not defined 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: 101

• Message text: FIFO not defined for material &

What causes this issue?

Material &V2& has not been defined for FIFO valuation.

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?

Check the material you entered and make any necessary corrections.
If what you entered was correct, you have to flag material &V2& as
FIFO-relevant. To do this, go to the accounting view of the material
master.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MY101 - FIFO not defined for material & ?

  The SAP error message MY101, which states "FIFO not defined for material &," typically occurs when you are trying to perform a transaction that requires FIFO (First In, First Out) inventory management for a material that has not been configured to use FIFO.
  Cause:
  
  Material Master Configuration: The material in question is not set up to use FIFO as its valuation method. This can happen if the material is not defined with the appropriate valuation class or if the inventory management settings do not include FIFO.
  Valuation Type: The valuation type for the material may not be set to allow FIFO processing.
  Storage Location: The storage location where the material is stored may not be configured to support FIFO.
  
  Solution:
  
  
  Check Material Master Data:
  
  Go to the Material Master (Transaction Code: MM03).
  Enter the material number and check the accounting view.
  Ensure that the valuation type is set to allow FIFO.
  
  
  
  Configure FIFO in Material Master:
  
  If FIFO is not defined, you may need to change the material master settings.
  Use Transaction Code: MM02 to modify the material master.
  In the accounting view, ensure that the appropriate valuation class is assigned that supports FIFO.
  
  
  
  Check Storage Location Settings:
  
  Ensure that the storage location where the material is stored is configured to use FIFO.
  You can check this in the configuration settings for inventory management.
  
  
  
  Consult with SAP Basis or Functional Consultant:
  
  If you are unsure about making changes to the material master or configuration settings, consult with your SAP Basis or functional consultant for assistance.
  
  
  
  Related Information:
  
  FIFO Inventory Management: FIFO is a method of inventory valuation where the oldest inventory items are sold first. This is important for materials that have a shelf life or for financial reporting purposes.
  Transaction Codes:
  
  MM01: Create Material
  MM02: Change Material
  MM03: Display Material
  MB1A: Goods Withdrawal
  MB1B: Transfer Posting
  
  
  SAP Documentation: Refer to SAP Help Portal for detailed documentation on material master data and inventory management settings.
  
  By following these steps, you should be able to resolve the MY101 error and ensure that the material is properly configured for FIFO processing.