How To Fix T1318 - Price type not found for company &1, bus. partner &2, commodity &3

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 318

• Message text: Price type not found for company &1, bus. partner &2, commodity &3

What causes this issue?

The system cannot find the price type for the current financial
transaction.

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?

Navigate to transaction
<DS:TRAN.TPM_TRCO_CTY_MCS>Specify Market Data Access for Mass Cash
Settlement</> and specify a price type.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1318 - Price type not found for company &1, bus. partner &2, commodity &3 ?

  The SAP error message T1318, which states "Price type not found for company &1, bus. partner &2, commodity &3," typically occurs in the context of pricing and valuation in SAP, particularly when dealing with commodity pricing or business partner pricing configurations. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  
  Missing Price Type Configuration: The error indicates that the system cannot find a valid price type for the specified company code, business partner, and commodity. This could be due to:
  
  The price type not being defined in the system.
  The price type being incorrectly configured or inactive.
  The combination of company code, business partner, and commodity not having a corresponding price type.
  
  
  
  Data Inconsistency: There may be inconsistencies in the master data related to the business partner or commodity that prevent the system from retrieving the correct price type.
  
  
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access the pricing information for the specified business partner or commodity.
  
  
  Solution:
  
  
  Check Price Type Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually in the customizing transaction SPRO).
  Ensure that the price type is defined for the specified company code, business partner, and commodity.
  If the price type is missing, create a new entry or activate the existing one.
  
  
  
  Review Master Data:
  
  Verify the master data for the business partner and commodity to ensure that they are correctly set up.
  Check if the business partner is correctly assigned to the company code and if the commodity is properly defined.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access the pricing information. This may involve checking user roles and permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on how to configure price types and troubleshoot related issues.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error no longer occurs and that pricing information is correctly retrieved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, BP for business partner maintenance, or MM03 for material master data to check and update relevant information.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Community Forums: SAP Community and other forums can be helpful for finding similar issues faced by other users and their solutions.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who can provide deeper insights into the specific configuration and data setup in your SAP environment.