How To Fix MY115 - Enter FIFO valuation level

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 115

• Message text: Enter FIFO valuation level

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message MY115 - Enter FIFO valuation level ?

  The SAP error message MY115, which states "Enter FIFO valuation level," typically occurs in the context of inventory management and valuation in SAP. This error is related to the FIFO (First In, First Out) inventory valuation method, which is used to manage stock valuation based on the order in which items are received.
  Cause:
  The error is triggered when the system expects a FIFO valuation level to be specified, but it is either missing or incorrectly configured. This can happen in various scenarios, such as:
  
  Missing Configuration: The FIFO valuation level has not been defined in the system.
  Incorrect Transaction: The transaction being executed does not have the necessary information regarding FIFO valuation.
  Data Entry Error: The user may have overlooked entering the required FIFO valuation level in the relevant fields.
  
  Solution:
  To resolve the MY115 error, you can take the following steps:
  
  
  Check Configuration:
  
  Ensure that the FIFO valuation levels are properly configured in the system. This can typically be done in the customizing settings under the Inventory Management or Material Valuation sections.
  Navigate to the relevant configuration path in SPRO (SAP Project Reference Object) and verify that FIFO valuation levels are set up correctly.
  
  
  
  Enter Valuation Level:
  
  If you are in a transaction that requires a FIFO valuation level, make sure to enter the appropriate level in the designated field. This may involve specifying the valuation area or material type.
  
  
  
  Review Material Master Data:
  
  Check the material master data for the relevant materials to ensure that the FIFO valuation method is correctly assigned. You can do this by using transaction code MM03 to display the material master and verify the valuation settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to FIFO valuation to ensure that you are following the correct procedures.
  
  
  
  Contact Support:
  
  If the issue persists after checking the configuration and data entry, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  FIFO Valuation: FIFO is a method of inventory valuation that assumes that the oldest inventory items are sold first. This method is commonly used in industries where inventory items have a limited shelf life or where prices fluctuate.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM01 (Create Material), MM02 (Change Material), and MM03 (Display Material) for managing material master data.
  SAP Notes: Check SAP Notes for any known issues or patches related to FIFO valuation and the MY115 error message.
  
  By following these steps, you should be able to resolve the MY115 error and ensure that your FIFO valuation levels are correctly set up in SAP.