How To Fix WAO_TRANSFER_PRICES002 - No master record exists for material &1

SAP Error Message - Details

• Message type: E = Error

• Message class: WAO_TRANSFER_PRICES - Messages for the Transfer Prices Web Add-On

• Message number: 002

• Message text: No master record exists for material &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message WAO_TRANSFER_PRICES002 - No master record exists for material &1 ?

  The SAP error message WAO_TRANSFER_PRICES002 indicates that there is no master record for the specified material in the system. This typically occurs when trying to process transfer pricing or related transactions involving a material that has not been properly set up in the system.
  Cause:
  
  Missing Material Master Record: The most common cause is that the material specified in the error message does not have a master record in the relevant plant or storage location.
  Incorrect Material Type: The material may not be of a type that is allowed for the transaction you are trying to perform.
  Data Inconsistency: There may be inconsistencies in the data, such as missing views in the material master (e.g., accounting, purchasing, etc.).
  Plant or Storage Location Issues: The material may not be assigned to the correct plant or storage location where the transaction is being executed.
  
  Solution:
  
  
  Check Material Master Record:
  
  Go to transaction code MM03 (Display Material) and enter the material number from the error message.
  Verify that the material exists and check if it has the necessary views (e.g., Basic Data, Purchasing, Accounting) for the relevant plant.
  
  
  
  Create or Update Material Master:
  
  If the material does not exist, you can create it using transaction code MM01 (Create Material).
  If it exists but is missing views, you can update it using transaction code MM02 (Change Material) to add the necessary views.
  
  
  
  Check Material Type:
  
  Ensure that the material type is appropriate for the transaction you are trying to perform. Some material types may not be allowed for certain processes.
  
  
  
  Verify Plant and Storage Location:
  
  Ensure that the material is assigned to the correct plant and storage location. You can check this in the material master record.
  
  
  
  Check for Data Consistency:
  
  Run consistency checks or reports to identify any data issues related to the material master.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  MM01: Create Material
  MM02: Change Material
  MM03: Display Material
  MM04: Display Material Changes
  
  
  Material Master Views: Ensure that the necessary views are maintained for the material, such as:
  
  Basic Data
  Purchasing
  Accounting
  Sales
  Plant Data/Storage
  
  
  Documentation: Refer to SAP Help documentation for detailed information on material master records and transfer pricing processes.
  
  By following these steps, you should be able to resolve the error and ensure that the material is properly set up in the system for the required transactions.