How To Fix T8058 - Price quotation not up-to-date for class ID &1, exchange &2, rate type &3

SAP Error Message - Details

• Message type: E = Error

• Message class: T8 - Analysis system evaluations

• Message number: 058

• Message text: Price quotation not up-to-date for class ID &1, exchange &2, rate type &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T8058 - Price quotation not up-to-date for class ID &1, exchange &2, rate type &3 ?

  The SAP error message T8058 indicates that a price quotation is not up-to-date for a specific class ID, exchange, and rate type. This error typically arises in the context of foreign exchange or commodity pricing, where the system expects the latest price quotations to be available for processing transactions.
  Cause:
  
  Outdated Price Quotation: The price quotation for the specified class ID, exchange, and rate type has not been updated in the system. This can happen if the data has not been maintained or if the last update was not recent enough.
  Missing Data: The required price quotation data may not exist in the system for the specified parameters.
  Configuration Issues: There may be issues with the configuration settings related to pricing or exchange rates in the SAP system.
  
  Solution:
  
  
  Update Price Quotations:
  
  Navigate to the relevant transaction in SAP where price quotations are maintained (e.g., transaction code OB08 for exchange rates).
  Ensure that the price quotations for the specified class ID, exchange, and rate type are updated with the latest values.
  
  
  
  Check Data Maintenance:
  
  Verify that the necessary data for the class ID, exchange, and rate type is correctly maintained in the system.
  If you are using external data feeds, ensure that they are functioning correctly and that the data is being imported as expected.
  
  
  
  Review Configuration:
  
  Check the configuration settings related to pricing and exchange rates in the SAP system. Ensure that all necessary settings are correctly configured.
  Consult with your SAP Basis or configuration team if you suspect there are issues with the setup.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on maintaining price quotations and resolving related errors.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), MEK1 (Create Condition), and MEK2 (Change Condition) for managing pricing conditions.
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches that may address the issue.
  User Roles: Ensure that the user has the necessary permissions to update price quotations and access the relevant transactions.
  
  By following these steps, you should be able to resolve the T8058 error and ensure that your price quotations are up-to-date.