Balance sheet valuation not active (Customizing transaction OMWE)
Hi,
For FIFO Valuation, I have done the following SPRO setting:
1. Activate balance sheet valuation (Trans: OMWE) - as LIFO not relevant, FIFO active.
2. Defined LIFO/FIFO valuation levels (Trans: OMWL) - set as Plant (valuation area).
3. Configured FIFO Valuation areas for year 2008.
4. Define LIFO/FIFO method (Trans: OMWP) - FIFO01 as CUR u2013 current
5. No changes made to movements relevant to FIFO (Trans: OMW4);
While running the MRF1, the system is throwing the following message:
Balance sheet valuation not active (Customizing transaction OMWE)
Message no. MY043
Pls. help in rectifying the problem.
Pls. note that I have already activated the LIFO/FIFO-relevant Check box while creating the Material.
Do I need to execute MRF4 before executing MRF1?
Regards,
hey guys... can anyone help me to solve this issue....
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My clients requirement is to have a periodic FIFO valution at the end of every quater so as the value to stock represents the last price of each stock.
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Hi Champs,
1.
Herewith I am trying to close the Asset F Year 2007,but system does not allow me to close the same.
> Diagnosis
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Dev HindochaHave a look to this message for the tables
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