How To Fix FR348 - Company code &: Lower limit (tax) &

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 348

• Message text: Company code &: Lower limit (tax) &

What causes this issue?

A posting run for company code &V1& with a key date greater than &V3&
was already executed. The last posting run with the key date &V3& had
the value &V2& as a lower date limit (taxes).

System Response

Postings for prior key dates can only be executed with data from a
previously executed posting run.

How to fix this error?

Enter the lower date limit (taxes) equal to &V2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR348 - Company code &: Lower limit (tax) & ?

  The SAP error message FR348 typically indicates an issue related to tax limits in the context of a specific company code. This error can occur during various transactions, such as invoice processing or tax reporting, when the system detects that the tax amount does not meet the defined lower limit for the specified company code.
  Cause:
  
  Tax Configuration: The tax configuration for the company code may have a defined lower limit for tax amounts, and the transaction being processed does not meet this requirement.
  Incorrect Tax Code: The tax code used in the transaction may not be appropriate for the company code or may not have the correct settings.
  Data Entry Error: There may be a mistake in the data entry, such as an incorrect amount or missing information that leads to the tax amount being below the required limit.
  Changes in Tax Regulations: Changes in tax laws or regulations may have introduced new limits that are not reflected in the current configuration.
  
  Solution:
  
  Check Tax Configuration: Review the tax configuration settings for the company code in the SAP system. Ensure that the lower limit for tax is set correctly and that it aligns with the legal requirements.
  
  Navigate to SPRO ? Financial Accounting ? Tax on Sales/Purchases ? Basic Settings ? Define Tax Codes.
  
  
  Verify Tax Code: Ensure that the tax code used in the transaction is valid for the company code and that it has the correct settings.
  Adjust Transaction Amount: If the transaction amount is indeed below the required limit, consider adjusting the amount to meet the lower limit.
  Consult with Tax Experts: If there have been recent changes in tax regulations, consult with tax experts or your finance department to ensure compliance and correct configuration.
  Error Message Documentation: Check the SAP documentation or support notes related to error message FR348 for any specific guidance or updates.
  
  Related Information:
  
  SAP Notes: Look for SAP Notes related to FR348 for any patches or updates that may address this issue.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB60 (Invoice), FB70 (Customer Invoice), or FBL1N (Vendor Line Item Display) where this error might occur.
  User Roles: Ensure that the user processing the transaction has the appropriate roles and authorizations to make changes to tax settings or to process transactions involving tax.
  
  If the issue persists after checking the above points, it may be beneficial to engage with your SAP support team or consult SAP Community forums for further assistance.