How To Fix FO342 - Percentage for lower limit must be higher than zero

SAP Error Message - Details

• Message type: E = Error

• Message class: FO - Cross-ISPS Functions

• Message number: 342

• Message text: Percentage for lower limit must be higher than zero

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FO342 - Percentage for lower limit must be higher than zero ?

  The SAP error message FO342, which states "Percentage for lower limit must be higher than zero," typically occurs in the context of asset accounting, particularly when dealing with depreciation areas or settings related to asset values. This error indicates that a percentage value defined for a lower limit in a depreciation calculation or asset valuation is set to zero or is negative, which is not permissible.
  Cause:
  
  Incorrect Configuration: The lower limit percentage for depreciation or valuation might have been incorrectly set to zero or a negative value in the configuration settings.
  Data Entry Error: During the creation or modification of asset master records, a user might have inadvertently entered an invalid percentage.
  Customizing Settings: The customizing settings for asset accounting may not have been properly defined, leading to this error.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS02 or AS03) and check the relevant depreciation areas.
  Ensure that the lower limit percentage is set to a value greater than zero.
  
  
  
  Review Depreciation Key:
  
  Check the depreciation key assigned to the asset. You can do this by navigating to the configuration settings (transaction code OADB).
  Ensure that the depreciation key settings have valid percentage values for lower limits.
  
  
  
  Adjust Customizing Settings:
  
  If the issue is related to customizing settings, navigate to the configuration for asset accounting (transaction code SPRO).
  Under "Financial Accounting (New)" -> "Asset Accounting" -> "Depreciation" -> "Define Depreciation Areas," review the settings for the relevant depreciation area and ensure that all percentage values are correctly defined.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct values to set, refer to SAP documentation or consult with your SAP functional consultant for guidance on the appropriate settings for your organization.
  
  
  
  Testing:
  
  After making the necessary adjustments, test the changes by trying to post a transaction related to the asset to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: AS02 (Change Asset), AS03 (Display Asset), OADB (Depreciation Key Configuration), SPRO (SAP Project Reference Object).
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  User Roles: Ensure that the user has the necessary authorizations to make changes to asset master data and configuration settings.
  
  By following these steps, you should be able to resolve the FO342 error and ensure that your asset accounting settings are correctly configured.