How To Fix MY101 - FIFO not defined for material &

MY101 - Overview

• 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.

MY101 - Details

• 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,