How To Fix 60929 - Entered amount subject to inp.tax diff.from calcul.amount &

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 929

• Message text: Entered amount subject to inp.tax diff.from calcul.amount &

What causes this issue?

Deductible input tax = value-added tax * option rate / 100.
The entered value may deviate from this calculated value by a maximum
rounding error of 0.01.

System Response

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

How to fix this error?

Please enter the correct value for the deductible input tax that
matches the option rate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60929 - Entered amount subject to inp.tax diff.from calcul.amount & ?

  The SAP error message 60929, which states "Entered amount subject to inp.tax diff. from calcul.amount," typically occurs in the context of tax calculations in financial transactions. This error indicates that there is a discrepancy between the amount entered for a transaction and the amount calculated by the system for input tax. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Input Tax Calculation: The system calculates the input tax based on the transaction amount and the applicable tax rate. If the amount entered does not match the calculated amount, this error is triggered.
  Manual Entry Errors: Users may manually enter amounts that do not align with the calculated values, leading to discrepancies.
  Tax Configuration Issues: Incorrect tax configuration in the system can lead to mismatches between entered and calculated amounts.
  Currency Conversion: If the transaction involves multiple currencies, conversion rates may lead to differences in amounts.
  Changes in Tax Rates: If tax rates have changed after the transaction was created, this can lead to discrepancies.
  
  Solution:
  
  Verify Input Amounts: Check the amounts entered in the transaction against the calculated amounts. Ensure that they match.
  Review Tax Configuration: Ensure that the tax codes and rates are correctly configured in the system. This includes checking the validity of tax codes and ensuring they are applicable to the transaction.
  Check for Updates: If there have been recent changes to tax rates or regulations, ensure that the system has been updated accordingly.
  Currency Settings: If the transaction involves multiple currencies, verify that the currency conversion rates are correct and that the amounts are being converted properly.
  Consult Documentation: Review SAP documentation or help resources for specific guidance on handling tax discrepancies.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with tax calculations, such as FB60 (Invoice), FB70 (Customer Invoice), and others.
  SAP Notes: Check for any SAP Notes related to error message 60929 for specific patches or updates that may address known issues.
  User Training: Ensure that users are trained on proper data entry practices to minimize manual entry errors.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.