How To Fix WV116 - No sales price calculation schema found

WV116 - Overview

• Message type: E = Error

• Message class: WV - Messages about Sales Price Calculation

• Message number: 116

• Message text: No sales price calculation schema found

What causes this issue?

No sales price calculation schema could be found.
This may be because no standard pricing type has been maintained.

System Response

INCLUDE ISR_STOP

How to fix this error?

Check to see whether the (SAP standard) pricing type 001 has been
defined in Customizing.

Error message extract from SAP system. Copyright SAP SE.

WV116 - Details

• The SAP error message WV116: No sales price calculation schema found typically occurs in the context of sales order processing or pricing determination in SAP. This error indicates that the system is unable to find a valid pricing schema for the sales price calculation for the item in question. Here are the potential causes, solutions, and related information for this error:
  Causes:
  
  Missing Pricing Procedure: The pricing procedure may not be assigned to the sales area, customer, or material.
  Incorrect Configuration: The pricing schema may not be properly configured in the system.
  Sales Area Not Defined: The sales area (Sales Organization, Distribution Channel, Division) may not be defined correctly for the customer or material.
  Customer Master Data Issues: The customer master data may not have the necessary pricing information or may not be set up correctly.
  Material Master Data Issues: The material master may not have the necessary pricing information or may not be set up