When processing a miscellaneous receipt or receiving a purchase order, sometimes this message is encountered when the create or saved button is clicked:

“Valuation price null not authorized!” and the message will prevent the user from creating or saving the receipt.

What is causing the message to happen and why the receipt cannot be created or saved till this message is addressed?

This message will happen for these three reasons combined:

The product valuation method that is found in Common data, Products, Product-site, Cost is a standard cost.

The product is new, and it does not have a standard cost record established in Common data, Products, Products-costs, Standard cost.

The “Allow null cost” check box is not checked to accept stock movements without value in Setup, Stock, Valuation method.

To create a standard cost record for a raw material or for-sale product, you can access the Standard cost within the Product-site right panel or you can access the standard cost in Common data, Products, Products-costs.