How To Fix WV663 - Price entry type &1 is not defined

WV663 - Overview

• Message type: E = Error

• Message class: WV - Messages about Sales Price Calculation

• Message number: 663

• Message text: Price entry type &1 is not defined

What causes this issue?

<DS:DE.MBERA>Price entry type</> &V1& entered in the initial screen of
competitor price entry is not defined in Customizing for Pricing.

System Response

INCLUDE ISR_STOP OBJECT DOKU ID TX

How to fix this error?

Check your entries.
You may need to create price entry type &V1& or enter an existing price
entry type.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message WV663 - Price entry type &1 is not defined ?

  The SAP error message WV663, which states "Price entry type &1 is not defined," typically occurs in the context of pricing and valuation in SAP, particularly when dealing with condition records in the pricing procedure. This error indicates that the system is unable to find a valid price entry type that corresponds to the specified type in the pricing configuration.
  
  Cause:
  
  Missing Configuration: The price entry type specified in the error message is not defined in the system. This could be due to a missing configuration in the pricing procedure or condition types.
  Incorrect Pricing Procedure: The pricing procedure assigned to the sales document or purchase order may not include the necessary price entry types.
  Data Inconsistency: There may be inconsistencies in the master data or transaction data that lead to the system not recognizing the price entry type.
  Custom Development: If there are custom developments or enhancements in the pricing logic, they may not