How To Fix MY261 - For material & no FIFO results exist in & & for method &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 261

• Message text: For material & no FIFO results exist in & & for method &

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 MY261 - For material & no FIFO results exist in & & for method & ?

  The SAP error message MY261 typically indicates that there are no FIFO (First In, First Out) results available for a specific material in a given plant and storage location for the specified valuation method. This error often arises in the context of inventory management and material valuation.
  Cause:
  
  
  No FIFO Results: The primary cause of this error is that there are no FIFO results recorded for the specified material in the system. This can happen if:
  
  The material has not been moved or sold, and thus no FIFO calculations have been performed.
  The material is new and has not yet been processed in the system.
  There may be an issue with the configuration of the material or the valuation method.
  
  
  
  Incorrect Configuration: The material may not be properly configured for FIFO valuation, or the valuation method may not be set up correctly in the material master.
  
  
  Data Inconsistencies: There may be inconsistencies in the inventory data, such as missing postings or incorrect stock levels.
  
  
  Solution:
  
  
  Check Material Master: Verify the material master data for the affected material. Ensure that the valuation method is set to FIFO and that all necessary fields are correctly filled out.
  
  
  Post Inventory Transactions: If the material is new, ensure that inventory transactions (goods receipts, goods issues, etc.) have been posted for the material. This will generate the necessary FIFO results.
  
  
  Run FIFO Calculation: If applicable, run the FIFO calculation or valuation report to generate the FIFO results for the material.
  
  
  Check Stock Levels: Ensure that there are stock levels for the material in the specified plant and storage location. If there is no stock, FIFO results cannot be generated.
  
  
  Review Configuration: If the issue persists, review the configuration settings for inventory management and valuation methods in the SAP system. Ensure that FIFO is correctly configured for the relevant materials.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on FIFO valuation and troubleshooting related errors.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like MM03 (Display Material), MB52 (List Warehouse Stocks on Hand), or MB5B (Stock on Posting Date) to check material details and stock levels.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue cannot be resolved internally, consider reaching out to SAP support or your organization's SAP support team for further assistance.
  
  By following these steps, you should be able to identify the cause of the MY261 error and implement a solution to resolve it.