How To Fix WR506 - Art. &1 with standard price: No revaluation not affecting margins poss.!

SAP Error Message - Details

• Message type: E = Error

• Message class: WR - Messages for Revaluation at Retail

• Message number: 506

• Message text: Art. &1 with standard price: No revaluation not affecting margins poss.!

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message WR506 - Art. &1 with standard price: No revaluation not affecting margins poss.! ?

  Certainly! Here's a detailed explanation for the SAP error message WR506:
  
  SAP Error Message WR506
  Message Text:
  
  Art. &1 with standard price: No revaluation not affecting margins poss.!
  
  Meaning / Cause
  
  This error occurs when you try to perform a revaluation or a price change on a material that is valuated using the Standard Price (S price control).
  In SAP, materials with Standard Price (S) are not revalued automatically because the standard price is fixed for a period and does not change with actual price fluctuations.
  The system is informing you that revaluation is not possible for this material because it uses standard price valuation.
  The phrase "No revaluation not affecting margins poss.!" means that the system does not allow revaluation postings that would not affect the profit margins, as standard price materials are not revalued in this way.
  
  
  When does this occur?
  
  When you try to run a revaluation program (e.g., transaction MR21 or a custom revaluation program) on a material with standard price.
  When you attempt to post a price change or revaluation for a material that is set to standard price in the material master (MM02, accounting view).
  During inventory revaluation or price difference postings for standard price materials.
  
  
  Solution / How to fix
  
  
  Check the Price Control Indicator:
  
  Go to the material master (transaction MM03 or MM02).
  Navigate to the Accounting 1 view.
  Check the Price Control field.
  If it is set to S (Standard Price), then revaluation is not possible.
  
  
  
  If revaluation is required:
  
  You cannot revalue standard price materials directly.
  Instead, you must update the standard price itself via transaction MR21 (Price Change).
  MR21 allows you to change the standard price, which will affect inventory valuation and margins accordingly.
  
  
  
  If you want to allow revaluation postings:
  
  You would need to change the price control to V (Moving Average Price).
  This is a significant change and should be done carefully, as it affects how inventory is valuated and can have accounting implications.
  Changing price control from S to V is not straightforward and usually requires a material master change and possibly a stock adjustment.
  
  
  
  If the material must remain standard price:
  
  Accept that revaluation postings are not possible.
  Use MR21 to update the standard price when necessary.
  
  
  
  
  Additional Information
  
  
  Standard Price (S):
  
  The inventory is valuated at a fixed price. Price changes are done by updating the standard price, not by revaluation postings.
  
  
  Moving Average Price (V):
  
  Inventory is valuated at a moving average price, which changes with each goods receipt or invoice receipt. Revaluation postings are possible.
  
  
  MR21 Transaction:
  
  Used to change the standard price of a material. This transaction posts the difference between the old and new standard price to the appropriate accounts.
  
  
  Revaluation Programs:
  
  Programs like MR22 or custom revaluation programs typically work only for moving average price materials.
  
  
  
  Summary
  
  
  
  Aspect
  Explanation
  
  
  
  
  Cause
  Attempt to revalue a material with standard price (S) valuation.
  
  
  Effect
  System blocks revaluation as it is not allowed for standard price materials.
  
  
  Solution
  Use MR21 to change the standard price; or change price control to moving average price if revaluation is needed.
  
  
  Related Transactions
  MM02 (change material master), MR21 (price change), MR22 (revaluation for moving average price materials).
  
  
  
  
  If you need help with the exact steps in MR21 or changing price control, please let me know!