How To Fix 8Z408 - Last valuation date for &1 is not the last day in the previous period

SAP Error Message - Details

• Message type: E = Error

• Message class: 8Z - Messages for Inflation Adjustment

• Message number: 408

• Message text: Last valuation date for &1 is not the last day in the previous period

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 8Z408 - Last valuation date for &1 is not the last day in the previous period ?

  The SAP error message 8Z408 indicates that there is an issue with the valuation date for a specific asset or object in the system. The message states that the last valuation date for the specified asset (represented by &1) is not the last day of the previous period. This can occur in various scenarios, particularly in asset accounting or financial reporting.
  Cause:
  
  Incorrect Valuation Date: The last valuation date for the asset is set to a date that does not correspond to the last day of the previous accounting period.
  Period Closing Issues: The previous accounting period may not have been closed properly, leading to discrepancies in the valuation dates.
  Manual Entry Errors: Users may have manually entered an incorrect valuation date for the asset.
  Configuration Issues: There may be configuration settings in the asset accounting module that are not aligned with the expected period-end processes.
  
  Solution:
  
  
  Check Valuation Date: Verify the last valuation date for the asset in question. Ensure that it is set to the last day of the previous period.
  
  You can do this by navigating to the asset master record and checking the relevant fields.
  
  
  
  Adjust the Date: If the valuation date is incorrect, update it to the last day of the previous period. This can typically be done in the asset master data transaction (e.g., AS02 for changing asset master data).
  
  
  Close Previous Period: Ensure that the previous accounting period has been properly closed. This may involve running the necessary closing transactions in SAP to finalize the period.
  
  
  Review Configuration: Check the configuration settings in the asset accounting module to ensure they are set up correctly. This may involve consulting with your SAP configuration team or reviewing the settings in the Asset Accounting (FI-AA) configuration.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on handling asset valuation dates and period closing procedures.
  
  
  Related Information:
  
  Transaction Codes: Common transaction codes related to asset accounting include:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  AJAB: Year-End Closing for Asset Accounting
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that users have the appropriate roles and permissions to make changes to asset master data and perform period-end closing activities.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in asset accounting.