How To Fix CNVA_20290_CHECK026 - LIFO valuation is inactive

SAP Error Message - Details

• Message type: E = Error

• Message class: CNVA_20290_CHECK - Message class for company code merge preanalysis

• Message number: 026

• Message text: LIFO valuation is inactive

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message CNVA_20290_CHECK026 - LIFO valuation is inactive ?

  The SAP error message CNVA_20290_CHECK026 indicates that the LIFO (Last In, First Out) valuation method is inactive in the system. This error typically arises in the context of inventory valuation and can affect financial reporting and inventory management processes.
  Cause:
  
  Inactive LIFO Valuation: The primary cause of this error is that the LIFO valuation method has not been activated in the system settings. This can happen if the company has not opted to use LIFO for inventory valuation or if the configuration has not been properly set up.
  Configuration Issues: There may be issues in the configuration settings related to the valuation methods in the SAP system, particularly in the material master or valuation area settings.
  Material Master Settings: The material in question may not be set up to use LIFO valuation, or the valuation class may not support LIFO.
  
  Solution:
  
  
  Activate LIFO Valuation:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Logistics > Materials Management > Valuation > Define Valuation Methods.
  Ensure that LIFO is activated for the relevant valuation area or company code.
  
  
  
  Check Material Master Settings:
  
  Use Transaction Code: MM03 to display the material master record.
  Check the accounting view and ensure that the valuation type is set to LIFO if that is the intended method.
  If necessary, update the material master to reflect the correct valuation method.
  
  
  
  Review Valuation Class:
  
  Ensure that the valuation class assigned to the material supports LIFO valuation.
  You can check this in the configuration settings under Logistics > Materials Management > Valuation > Assign Valuation Classes to Material Types.
  
  
  
  Consult Documentation: If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  Testing: After making the necessary changes, perform a test transaction to ensure that the error no longer appears and that the LIFO valuation is functioning as expected.
  
  
  Related Information:
  
  Valuation Methods: SAP supports various inventory valuation methods, including FIFO (First In, First Out), LIFO, and moving average. Each method has its implications for financial reporting and inventory management.
  Impact on Financial Statements: The choice of valuation method can significantly impact the cost of goods sold (COGS) and inventory valuation on the balance sheet.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to LIFO valuation.
  
  If the problem persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in SAP MM (Materials Management) for further assistance.