How To Fix /PM0/ALB_FND_MSG557 - Enter price quotations for fund type &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALB_FND_MSG -

• Message number: 557

• Message text: Enter price quotations for fund type &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_FND_MSG557 - Enter price quotations for fund type &1 ?

  The SAP error message /PM0/ALB_FND_MSG557 Enter price quotations for fund type &1 typically occurs in the context of Public Sector Management (PSM) or Fund Management (FM) modules when there is an attempt to process a transaction that requires price quotations for a specific fund type, but none have been entered.
  Cause:
  
  Missing Price Quotations: The primary cause of this error is that there are no price quotations defined for the specified fund type in the system.
  Incorrect Fund Type: The fund type being referenced may not have any associated price quotations.
  Configuration Issues: There may be configuration issues in the system that prevent the proper association of price quotations with fund types.
  
  Solution:
  
  
  Enter Price Quotations:
  
  Navigate to the relevant transaction or configuration area in SAP where price quotations can be entered.
  Ensure that you enter the necessary price quotations for the fund type indicated in the error message.
  This can typically be done through the transaction codes related to Fund Management or Public Sector Management, such as FMX1 (Create Price Quotation) or similar.
  
  
  
  Check Fund Type Configuration:
  
  Verify the configuration settings for the fund type in question. Ensure that it is set up correctly to allow for price quotations.
  You may need to consult with your SAP configuration team or refer to the SAP documentation for guidance on how to configure fund types and their associated price quotations.
  
  
  
  Review Authorization:
  
  Ensure that the user has the necessary authorizations to enter or modify price quotations. Lack of proper authorization can also lead to issues when trying to enter data.
  
  
  
  Consult Documentation:
  
  Refer to SAP Help documentation or your organization's internal documentation for specific steps on how to manage price quotations in the context of fund management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing fund types and price quotations, such as FMX1, FMX2, FMX3, etc.
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  If the problem persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Fund Management for further assistance.