How To Fix MY275 - Enter a valid LIFO/FIFO method

MY275 - Overview

• Message type: E = Error

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

• Message number: 275

• Message text: Enter a valid LIFO/FIFO method

Self-Explanatory Message

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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 MY275 - Enter a valid LIFO/FIFO method ?

  The SAP error message MY275, which states "Enter a valid LIFO/FIFO method," typically occurs in the context of inventory management and valuation methods in SAP. This error indicates that the system requires a valid method for inventory valuation, specifically either LIFO (Last In, First Out) or FIFO (First In, First Out), but the input provided is either missing or incorrect.
  
  Cause:
  
  Missing Configuration: The LIFO/FIFO method may not be configured for the material in question.
  Incorrect Input: The user may have entered an invalid or unsupported method in the relevant field.
  Material Master Settings: The material master record may not have the appropriate valuation method set up.
  Transaction Context: The error may arise in specific transactions where a valuation method is required but not provided.
  
  
  Solution:
  
  
  Check Material Master:
  
  Go to the material master record (transaction code MM02 or MM03).
  Ensure that the valuation class and the LIFO/FIFO method are correctly set in the accounting view.
  
  
  
  Validate Input:
  
  Ensure that the